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Contingent Protection as Better Insurance

Prusa, Thomas J.; Fischer, Ronald D. - 2021

We formalize the notion that GATT exceptions such as antidumping and escape clause actions can act as insurance for import competing sectors affected by adverse price shocks. We use a general equilibrium model with several import competing sectors and assume incomplete markets so that agents...

Persistent link: https://www.econbiz.de/10013223874

Reciprocated Unilateralism in Trade Policy : An Interest-Group Approach

Krishna, Pravin; Mitra, Devashish - 2021

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

Reciprocated Unilateralism in Trade Reforms with Majority Voting

Krishna, Pravin; Mitra, Devashish - 2021

This paper shows how unilateral liberalization in one country can increase the voting support for reciprocal reduction in trade barriers in a partner country. When trade policies are determined simultaneously in the two countries, we show the possibility of multiple political equilibria -...

Persistent link: https://www.econbiz.de/10013249261

Was it Stolper-Samuelson, Infant Industry or Something Else? World Trade Tariffs 1789-1938

Williamson, Jeffrey G. - 2021

This paper uses history to explore the empirical content of two determinants of tariff policy that have a long pedigree: the Stolper-Samuelson corollary to the Heckscher-Ohlin theorem, and the infant-industry argument for protection. It reports a set of world tariff facts for the 150 years...

Persistent link: https://www.econbiz.de/10013227023

Protectionism Isn't Counter‐Cyclic (Anymore)

Rose, Andrew Kenan - 2012

Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions …-war era, protectionism has not actually moved counter-cyclically. Tariffs and non-tariff barriers simply do not rise … years, using eighteen measures of protectionism and seven of business cycles. I also provide some hints as to why …

Persistent link: https://www.econbiz.de/10013106645

The Structure of Protection and Growth in the Late 19th Century

Lehmann, Sibylle - 2010

Many papers have explored the relationship between average tariff rates and economic growth, when theory suggests that …

Persistent link: https://www.econbiz.de/10012758141

Putting the Lid on Lobbying : Tariff Structure and Long-Term Growth When Protection is for Sale

Nunn, Nathan - 2010

It has long been recognized that a country's tariffs are the endogenous outcome of a rent-seeking game whose equilibrium reflects national institutions. Thus, the structure of tariffs across industries provides insights into how institutions, as reflected in tariff policies, affect long-term...

Persistent link: https://www.econbiz.de/10012761657

Path Dependence and the Origins of Cotton Textile Manufacturing in New England

Rosenbloom, Joshua L. - 2021

During the first half of of the nineteenth century the United States emerged as a major producer of cotton textiles. This paper argues that the expansion of domestic textile production is best understood as a path- dependent process that was initiated by the proetction provided by the Embargo...

Persistent link: https://www.econbiz.de/10013217191

The Roots of Latin American Protectionism : Looking Before the Great Depression

Coatsworth, John H.; Williamson, Jeffrey G. - 2021

This paper uncovers a fact that has not been well appreciated: tariffs in Latin America were far higher than anywhere else in the century before the Great Depression. This is a surprising fact given that this region has been said to have exploited globalization forces better than most during the...

Persistent link: https://www.econbiz.de/10013217192

Log-Rolling and Economic Interests in the Passage of the Smoot-Hawley Tariff

Kroszner, Randall; Irwin, Douglas A. - 2021

We analyze Senate roll-call votes concerning tariffs on specific goods in order to understand the economic and political factors influencing the passage of the Smoot-Hawley Tariff Act of 1930. Contrary to recent studies emphasizing the partisan nature of the Congressional votes, our reading of...

Persistent link: https://www.econbiz.de/10013218520

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