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Foreign-owned manufacturing firms' shares of U.S. trade grew from almost nothing in the 1960s to 7 or 8 per cent of trade in manufactured goods by the 1980s. It has changed little in the past decade, except for fluctuations related to changing U.S. exchange rates. Foreign-owned firms are less...
Persistent link: https://www.econbiz.de/10012475392
This paper studies two episodes where an exporting industry saw its sales plummet after importing countries banned their products to protect their citizens' health. The first case is the poisoned grapes crisis involving Chile and the United States in 1989. The second is the mad cows dispute...
Persistent link: https://www.econbiz.de/10012471848
The new protectionism threatening the international trading regime is related to significant structural changes in … much to establish after World War II. While it is possible that particular protectionism will continue to spread and lead …
Persistent link: https://www.econbiz.de/10012477254
Persistent link: https://www.econbiz.de/10013480835
This paper explores the relationship between exchange rate adjustment and trade policy in a simple New Keynesian open economy macro model. We show that movement in exchange rates have a direct implication for trade policy when governments choose tariffs endogenously. In particular, we show that...
Persistent link: https://www.econbiz.de/10012479473
Using monthly data on temporary trade barriers (TTBs), we estimate the dynamic employment effects of protectionism … movements in protectionism exogenous to economic fundamentals. We then use input-output tables to construct measures of … protectionism affecting downstream producers. Finally, we estimate panel local projections using the identified trade-policy shocks …
Persistent link: https://www.econbiz.de/10012481483
Most populist regimes in Latin American countries used trade policy to redistribute income, despite being less efficient than other redistribution schemes such as transfers financed with an income tax. Often, this outcome is attributed to the lack of fiscal capacity in Latin American countries....
Persistent link: https://www.econbiz.de/10012482577
This paper revisits the issue of people's preferences for international trade protection examining survey data from the American National Election Studies. I first show that both an individual's skills and the international trade characteristics of their employment industry affects their trade...
Persistent link: https://www.econbiz.de/10012464020
This paper proposes a new test of the Protection for Sale (PFS) model by Grossman and Helpman (1994). Unlike existing methods in the literature, our approach does not require any data on political organizations. We formally show that the PFS model predicts that the quantile regression of the...
Persistent link: https://www.econbiz.de/10012464747