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from having one of the most distorted external sectors, to having very low degrees of protectionism. The extent of the …
Persistent link: https://www.econbiz.de/10013230598
Using the menu-auction approach to endogenous determination of tariffs and allowing additionally for lobby formation itself to be endogenous, this paper analyzes the impact of unilateral trade liberalization by one country on its partner's trade policies. We find that such unilateral...
Persistent link: https://www.econbiz.de/10013231406
Economists and political scientists have frequently attempted to determine whether trade policy-related political action takes place along factor-lines (such as capital versus labor, as implied by the Stolper-Samuelson theorem) or along industry-lines (as implied by models with imperfect factor...
Persistent link: https://www.econbiz.de/10013215706
Empirical studies have repeatedly documented the countercyclical nature of trade barriers. In this paper, we propose a simple theoretical framework that is consistent with this and other empirical regularities in the relationship between protection and the business cycle. We examine the ability...
Persistent link: https://www.econbiz.de/10013216113
This paper explores the normative theory of international taxation by recasting it in parallel with the theory of … protectionism' of tax havens and the 'ownership protectionism' of tax policies that favor domestically- resident multinational …
Persistent link: https://www.econbiz.de/10013226563
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World War II, while associated with slow growth thereafter. The paper offers some explanations for the sign switch by controlling for novel measures of the changing world economic...
Persistent link: https://www.econbiz.de/10013249135
With fast-track authority (FTA), the US Congress delegates trade-policy authority to the President by committing not to amend a trade agreement. We suggest an interpretation in which Congress uses FTA to forestall destructive competition between its members for protectionist rents. We show that...
Persistent link: https://www.econbiz.de/10013111298
political economy implications of trade theory hypothesis using data on democracy, factor endowments, and protection in the late …
Persistent link: https://www.econbiz.de/10012761555
We develop a specific-factors model of regional economies that includes two types of workers, skilled and unskilled. The model delivers a simple equation relating trade-induced local shocks to changes in local skill premia. We apply the methodology to Brazil's early 1990s trade liberalization...
Persistent link: https://www.econbiz.de/10013029024
We study how opening to trade affects economic growth in a model where heterogeneous firms can adopt new technologies already in use by other firms in their home country. We characterize the growth rate using a summary statistic of the profit distribution—the mean-min ratio. Opening to trade...
Persistent link: https://www.econbiz.de/10013029555