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tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was …
Persistent link: https://www.econbiz.de/10012387616
response face a trade-off between maximizing political targeting and mitigating domestic economic harm? We use the recent trade … escalation between the US, China, the European Union (EU) and the North American Free Trade Agreement (NAFTA) countries to answer …
Persistent link: https://www.econbiz.de/10011986148
In this paper we examine the empirical relevance of three prominent endogenous protection models. Is protection for …) and the Tariff Function (Findlay and Wellisz, 1982) models are significant at the one percent level. Novel is our … application of a single, unified theoretical framework to take strict interpretations of the three theoretical models to the data …
Persistent link: https://www.econbiz.de/10011397792
-parametric formulas, we measure how trade modifies the deadweight loss of markups through two channels: (1) trade-induced change in markup … zero-sum welfare effects similar to implicit tariffs that tilt the terms of trade in favor of countries exporting high … compile new data on global profit ownership. Our findings reveal that trade has greatly reshaped the global incidence of …
Persistent link: https://www.econbiz.de/10014583781
We show that the Brazilian trade liberalization in the early 1990s led to a permanent relative decline in the vote … institutional channel for the political effects of trade shocks: the weakening of labor unions. We provide support for this … political parties with historical links to unions. Furthermore, the impact of the trade liberalization on the vote share of …
Persistent link: https://www.econbiz.de/10012668994
losing Wisconsin by a few thousand votes. Finally, while US trade war tariffs boosted Trump’s support, foreign trade war …
Persistent link: https://www.econbiz.de/10012421123
The trade war initiated by the Trump administration is the largest since the US imposed the Smoot-Hawley tariffs in the … 1930s and was still raging when he left office. We analyze how the trade war impacted the 2020 US Presidential election …. Our results highlight the political salience of the trade war: US trade war tariffs boosted Trump’s support but foreign …
Persistent link: https://www.econbiz.de/10013171058
trade agreements and Bilateral Investment Treaties (BITs) have been signed to lower tariffs and reduce the risks of …
Persistent link: https://www.econbiz.de/10011459180
In an interconnected world, economic and political interests inevitably reach beyond national borders. Since policy choices generate external economic and political costs, foreign state and non-state actors have an interest in inflencing policy actions in other sovereign countries to their...
Persistent link: https://www.econbiz.de/10011987983
This paper examines the rationale for the rules on domestic subsidies in international trade agreements through a … curtailed by a trade agreement that binds tariffs only. We refer to this as the policy substitution problem. When factors of … credibly commit vis-à-vis the domestic lobby unless the trade agreement also regulates production subsidies, thus addressing …
Persistent link: https://www.econbiz.de/10009630111