Blonigen, Bruce A.; Liebman, Benjamin H.; Pierce, Justin R. - Federal Reserve Board (Board of Governors of the … - 2012
Over the past 50 years, the steel industry has been protected by a wide variety of trade policies, both tariff- and quota-based. We exploit this extensive heterogeneity in trade protection to examine the well-established theoretical literature predicting nonequivalent effects of tariffs and...