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Government Interventions and Productivity Growth in Korean Manufacturingindustries
Lee, Jong-Wha - 2011
This paper investigates the impact of government industrial policy and trade protection of the manufacturing sector in Korea. Empirical results are provided, using 4-period panel data for the years 1963-83, for 38 Korean industries in which trade protection reduced growth rates of labor...
Persistent link: https://www.econbiz.de/10013125821
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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
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Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis
Faruqee, Hamid - 2010
In the evolving debate and analysis of global imbalances, a commonly overlooked issue pertains to rising protectionism …
Persistent link: https://www.econbiz.de/10012760524
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New Evidence on the Formation of Trade Policy Preferences
Blonigen, Bruce A. - 2009
This paper revisits the issue of people's preferences for international trade protection examining survey data from the American National Election Studies. I first show that both an individual's skills and the international trade characteristics of their employment industry affects their trade...
Persistent link: https://www.econbiz.de/10012765363
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Protecting Losers : Optimal Diversification, Insurance, and Trade Policy
Brainard, S. Lael - 2009
This paper derives a portfolio diversification rationale for a trade policy regime that insures returns to nondiversifiable human capital investment. In the absence of complete insurance markets for human capital, the decentralized equilibrium is characterized by excessive specialization. The...
Persistent link: https://www.econbiz.de/10012767710
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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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Theory and Practice of Commercial Policy : 1945-1990
Krueger, Anne O. - 2008
In this paper, the evolution of thought regarding protectionist trade policies in developed and in developing countries is examined and contrasted. In the developing countries distrust of markets and a belief in the infant industry argument led to highly protectionist trade regimes. The...
Persistent link: https://www.econbiz.de/10014074401
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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