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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

Intellectual Property Rights, Imitation, and Foreign Direct Investment : Theory and Evidence

Branstetter, Lee - 2010

This paper theoretically and empirically analyzes the effect of strengthening intellectual property rights in developing countries on the level and composition of industrial development. We develop a North-South product cycle model in which Northern innovation, Southern imitation, and FDI are...

Persistent link: https://www.econbiz.de/10012760176

Quantitative Models of Commercial Policy

Ossa, Ralph - 2016

What tariffs would countries impose if they did not have to fear any retaliation? What would occur if there was a complete breakdown of trade policy cooperation? What would be the outcome if countries engaged in fully efficient trade negotiations? And what would happen to trade policy...

Persistent link: https://www.econbiz.de/10012997374

Theory and Practice of Commercial Policy : 1945-1990

Krueger, Anne O. - 2008

markedly. The lessons from this experience for the policy implications of the "new trade theory" are then examined …

Persistent link: https://www.econbiz.de/10014074401

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

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