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Protection for Sale with Imperfect Rent Capturing
Facchini, Giovanni - 2012
Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates. We develop a quot;protection for salequot; theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers....
Persistent link: https://www.econbiz.de/10012755693
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Policy Choice : Theory and Evidence from Commitment Via International Trade Agreements
Limão, Nuno - 2010
Why do governments employ inefficient policies to redistribute income towards special interest groups (SIGs) when more efficient ones are available? To address this puzzle we derive and test predictions for a set of policies where detailed data is available and an efficiency ranking is feasible:...
Persistent link: https://www.econbiz.de/10012757990
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Estimating the Effects of Trade Policy
Feenstra, Robert C. - 2021
This paper reviews empirical methods used to estimate the impact of trade policies under imperfect competition. We decompose the welfare effects of trade policy into four possible channels: (i) a deadweight loss from distorting consumption and production decisions; (ii) a possible gain from...
Persistent link: https://www.econbiz.de/10013232156
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Measuring Nontariff Trade Policies
Baldwin, Robert E. - 2021
This paper surveys and critiques various methods of measuring nontariff trade measures (NTMs) for the purpose of determining which seem most promising for facilitating the process of reducing the trade-distorting effects of such policies through multilateral negotiations. Four measurement...
Persistent link: https://www.econbiz.de/10013246279
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The Environmental Bias of Trade Policy
Shapiro, Joseph S. - 2021
This paper describes a new fact, then analyzes its causes and consequences: in most countries, import tariffs and non-tariff barriers are substantially lower on dirty than on clean industries, where an industry's “dirtiness” is defined as its carbon dioxide (CO2) emissions per dollar of...
Persistent link: https://www.econbiz.de/10013321833
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Trade Wars and Trade Talks with Data
Ossa, Ralph - 2011
How large are optimal tariffs? What tariffs would prevail in a worldwide trade war? How costly would be a breakdown of international trade policy cooperation? And what is the scope for future multilateral trade negotiations? I address these and other questions using a unified framework which...
Persistent link: https://www.econbiz.de/10013121039
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Task Routineness and Trade Policy Preferences
Blonigen, Bruce A. - 2013
Understanding the formation of individual trade policy preferences is a fundamental input into the modeling of trade policy outcomes. Surprisingly, past studies have found mixed evidence that various labor market and industry attributes of workers affect their trade policy preferences, even...
Persistent link: https://www.econbiz.de/10013075425
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Protectionism and the Business Cycle
Barattieri, Alessandro - 2018
We study the consequences of protectionism for macroeconomic fluctuations. First, using high-frequency trade policy … VARs show that protectionism acts as a supply shock, causing output to fall and inflation to rise in the short run …. Moreover, protectionism has at best a small positive effect on the trade balance. Second, we build a small open economy model …
Persistent link: https://www.econbiz.de/10012926407
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Endogenous Trade Protection and Exchange Rate Adjustment
Auray, Stéphane - 2019
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/10012893578
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A Quantile-Based Test of Protection for Sale Model
Imai, Susumu - 2010
This paper proposes a new test of the Protection for Sale (PFS) model by Grossman and Helpman (1994). Unlike existing methods in the literature, our approach does not require any data on political organizations. We formally show that the PFS model predicts that the quantile regression of the...
Persistent link: https://www.econbiz.de/10012759437