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Using the menu-auction approach to endogenous determination of tariffs and allowing additionally for lobby formation itself to be endogenous, this paper analyzes the impact of unilateral trade liberalization by one country on its partner's trade policies. We find that such unilateral...
Persistent link: https://www.econbiz.de/10012469067
This paper shows how unilateral liberalization in one country can increase the voting support for reciprocal reduction in trade barriers in a partner country. When trade policies are determined simultaneously in the two countries, we show the possibility of multiple political equilibria -...
Persistent link: https://www.econbiz.de/10012467863
from having one of the most distorted external sectors, to having very low degrees of protectionism. The extent of the …
Persistent link: https://www.econbiz.de/10012474434
Persistent link: https://www.econbiz.de/10013480888
protectionism.' This paper examines how the U.S. semiconductor industry became the beneficiary of this unique and unprecedented …
Persistent link: https://www.econbiz.de/10012474180
For more than a decade, the United States and Canada have been engaged in a rancorous dispute over trade in softwood lumber. Through three successive rounds of administrative litigation before the U.S. Department of Commerce, the U.S. sawmill industry has sought to have countervailing duties...
Persistent link: https://www.econbiz.de/10012474176
Persistent link: https://www.econbiz.de/10013480802
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