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In this paper, the evolution of thought regarding protectionist trade policies in developed and in developing countries is examined and contrasted. In the developing countries distrust of markets and a belief in the infant industry argument led to highly protectionist trade regimes. The...
Persistent link: https://www.econbiz.de/10012475478
protectionism. Specifically, countries that remained on the gold standard resorted to tariffs, import quotas, and exchange controls …
Persistent link: https://www.econbiz.de/10012463508
commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the …, they cannot explain the post-1929 increase in trade costs. Protectionism seems the most likely alternative candidate …
Persistent link: https://www.econbiz.de/10012463880
In the evolving debate and analysis of global imbalances, a commonly overlooked issue pertains to rising protectionism … a dynamic general equilibrium model of the world economy encompassing four regional blocs. Simulation exercises are …
Persistent link: https://www.econbiz.de/10012465956
We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012466280
It has long been recognized that a country's tariffs are the endogenous outcome of a rent-seeking game whose equilibrium reflects national institutions. Thus, the structure of tariffs across industries provides insights into how institutions, as reflected in tariff policies, affect long-term...
Persistent link: https://www.econbiz.de/10012466530
Trade policy depends on the extent to which the government wants to redistribute income as well as on a country's overall factor endowments and their distribution. While the government's desire to redistribute income itself is dependent on asset distribution, it is to a large extent also driven...
Persistent link: https://www.econbiz.de/10012468610
-globalization sentiment. Furthermore, individuals view protectionism and anti-immigrant policies as complements rather than as substitutes …
Persistent link: https://www.econbiz.de/10012468825
reports a set of world tariff facts for the 150 years between 1789 and 1938 that have not been well appreciated. First, tariff … industrially-lagging Europe, and more steeply even in Asia. Furthermore, after world tariff rates rose between 1865 and 1900, they … world tariff facts come from two sources: Stolper-Samuelson -- scarce factors should lobby for protection when exposed to …
Persistent link: https://www.econbiz.de/10012469042
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … head in a world environment characterized by a moderately higher level of generalized tariff protection. We confirm the …
Persistent link: https://www.econbiz.de/10012469529