Showing 1 - 10 of 8,357
1860, we estimate the responsiveness of domestic production to fluctuations in import prices and conclude that the industry …
Persistent link: https://www.econbiz.de/10013313764
century of data. The results show that the standard import-weighted average tariff understates the TRI, defined as the uniform … thereafter to less than one-tenth of one percent of GDP by the early 1960s. On average, import duties resulted in a welfare loss …
Persistent link: https://www.econbiz.de/10012775912
This paper describes a new fact, then analyzes its causes and consequences: in most countries, import tariffs and non …, substantially accounts for this pattern. The downstream pattern can be explained by theories where industries lobby for low tariffs …
Persistent link: https://www.econbiz.de/10013321833
reports a set of world tariff facts for the 150 years between 1789 and 1938 that have not been well appreciated. First, tariff … industrially-lagging Europe, and more steeply even in Asia. Furthermore, after world tariff rates rose between 1865 and 1900, they … world tariff facts come from two sources: Stolper-Samuelson -- scarce factors should lobby for protection when exposed to …
Persistent link: https://www.econbiz.de/10013227023
sensitive to changes in import prices. Although import price fluctuations had a much greater impact on U.S. production than … changes in import duties, our estimates suggest that the tariff permitted domestic output to be about thirty to forty percent …
Persistent link: https://www.econbiz.de/10012775911
Estimating markups has a long tradition in industrial organization and international trade. Economists and policy makers are interested in measuring the effect of various competition and trade policies on market power, typically measured by markups. The empirical methods that were developed in...
Persistent link: https://www.econbiz.de/10013151809
Modern trade models attribute the dispersion of international prices to physical and man-made barriers to trade, to the pricing-to-market by heterogeneous producers and to differences in the quality of output offered by firms. This paper presents a tractable general equilibrium model that...
Persistent link: https://www.econbiz.de/10013310238
It is well documented that retail prices in Japan are higher than in other countries for similar products. The two main competing explanations for this finding are: (1) a relatively high degree of discriminatory practices against imports and (2) relatively high distribution costs associated with...
Persistent link: https://www.econbiz.de/10013227756
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 … average tariffs provided tariffs are biased towards skill-intensive industries. Second, there need not be any relationship …
Persistent link: https://www.econbiz.de/10012761657
preference by economists for factor or product taxes and subsidies over tariffs and export subsidies may not be justified in this …
Persistent link: https://www.econbiz.de/10012760364