Showing 1 - 10 of 102
's geographic variation in the suitability for cotton production combined with a surge in the world market price of cotton in 2010 … command political capital to coerce workers. The expansion in land attributed to cotton production led to increases in labor … demand and wages for cotton pickers; however, the price hike benefits only workers on entrepreneurial private farms, whereas …
Persistent link: https://www.econbiz.de/10011482929
The Brazil-Taxation dispute concerns the complaints taken to the World Trade Organisation by the European Union and Japan against seven different Brazilian industrial subsidy programmes. One concerned the automotive sector and represents a clear case of policies dictated by strong domestic...
Persistent link: https://www.econbiz.de/10012119943
We use survey evidence on reported spending in hypothetical energy price shock scenarios to study novel features of the price elasticity of energy demand and the marginal propensity to consume (MPC) after paying the energy bill. We find that the price elasticity is significantly larger for price...
Persistent link: https://www.econbiz.de/10013473647
We investigate how protectionist policies influence economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. We employ the...
Persistent link: https://www.econbiz.de/10012387616
The debate on trade wars and currency wars has re-emerged since the Great recession of 2009. We study the two forms of non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and to the real exchange rate, based on product level data...
Persistent link: https://www.econbiz.de/10011864529
Import regulations are globally the most prevalent form of intervention in international trade. The regulations should, under rules of the WTO, protect consumers and the environment but can be used to protect producers. We investigate the ambiguity of intent. We set out a model that when applied...
Persistent link: https://www.econbiz.de/10012432992
up with two rationales that help to understand why countries nevertheless consider protectionism to be a good response to … degree of openness and loss aversion of consumers. -- protectionism ; trade liberalization ; short term shocks …
Persistent link: https://www.econbiz.de/10008697408
Persistent link: https://www.econbiz.de/10003496675
In this paper we examine the empirical relevance of three prominent endogenous protection models. Is protection for sale, or do altruistic policy makers worry about political support? We find strong evidence that protection is indeed for sale. The important new result is, however, that not only...
Persistent link: https://www.econbiz.de/10011397792
We analyze a two country-two good model of international trade in which citizens in each country differ by their specific factor endowments. The trade policy in each country is set by the politician who has been elected by the citizens in a previous stage. Due to a delegation effect citizens...
Persistent link: https://www.econbiz.de/10011398023