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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
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … head in a world environment characterized by a moderately higher level of generalized tariff protection. We confirm the …
Persistent link: https://www.econbiz.de/10013249135
innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … illustrates that, statically, globalization (defined as reduced trade barriers) has ambiguous effects on welfare, while …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …
Persistent link: https://www.econbiz.de/10012920880
In their striving toward development, a number of less developed countries have espoused bilateral trade as yet another policy instrument allowing them to increase their acquisition of foreign resources. This has been particularly true of the trade of India, Pakistan, and Egypt, on which some...
Persistent link: https://www.econbiz.de/10013245548
The world has seen two globalization booms over the past two centuries, and one bust. The first global century ended … globalization on commodity price structure, the causes of protection, the impact of world migration on poverty eradication, and the … with World War I and the second started at the end of World War II, while the years in between were ones of anti …
Persistent link: https://www.econbiz.de/10013308598
The aim of the paper is to see whether individuals' attitudes towards globalization are consistent with the predictions …-skilled is associated with more pro-globalization attitudes in rich countries; while in some of the very poorest countries in the … sample being high-skilled has a negative (if statistically insignificant) impact on pro-globalization sentiment. More …
Persistent link: https://www.econbiz.de/10013222242
with undervalued exchange rates will lead to fewer antidumping filings. Examining the universe of U.S. manufacturing firms …, we find that antidumping petition filers are more internationally engaged than non-filing peers, but conduct less related … undervalued currencies significantly decrease (increase) the likelihood of U.S. antidumping petitions. Our study highlights the …
Persistent link: https://www.econbiz.de/10013078827
evidence that antidumping protection increases market power …
Persistent link: https://www.econbiz.de/10013137772
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
This paper calculates the Anderson-Neary (2005) trade restrictiveness index (TRI) for the United States using nearly a century of data. The results show that the standard import-weighted average tariff understates the TRI, defined as the uniform tariff that yields the same welfare loss as the...
Persistent link: https://www.econbiz.de/10012775912