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Technology and Geography in the Second Industrial Revolution : New Evidence from the Margins of Trade

Huberman, Michael - 2015

In the Belle Époque, Belgium recorded an unprecedented trade boom, but growth in output per capita was lackluster. We seek to reconcile this ostensible paradox. Because of the sharp decline in both fixed and variable trade costs, the trade boom was as much about the expansion in the number of...

Persistent link: https://www.econbiz.de/10013030134

International Transactions : Real Trade and Factor Flows between 1700 and 1870

Keller, Wolfgang; Lampe, Markus; Shiue, Carol H. - 2021

This paper describes broad regional and temporal trends in the evolution of international trade and international factor flows between 1700 and 1870, including key differences in trade costs across space and time. We find trade links in Western Europe and the European colonies of North America...

Persistent link: https://www.econbiz.de/10013313290

The Aftermath of Hamilton'S "Report on Manufactures"

Irwin, Douglas A. - 2021

Alexander Hamilton's Report on Manufactures (1791) is a classic document in the history of U.S. economic policy, but its fate in Congress is not well known. It is commonly believed that the report was never implemented. Although Hamilton's proposals for bounties (subsidies) failed to receive...

Persistent link: https://www.econbiz.de/10013244090

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

U.S. Trade Policy in Historical Perspective

Irwin, Douglas A. - 2019

This survey reviews the broad changes in U.S. trade policy over the course of the nation's history. Import tariffs have been the main instrument of trade policy and have had three main purposes: to raise revenue for the government, to restrict imports and protect domestic producers from foreign...

Persistent link: https://www.econbiz.de/10012862859

The U.S. Shale Oil Boom, the Oil Export Ban, and the Economy : A General Equilibrium Analysis

Cakir Melek, Nida - 2017

This paper examines the effects of the U.S. shale oil boom in a two-country DSGE model where countries produce crude oil, refined oil products, and a non-oil good. The model incorporates different types of crude oil that are imperfect substitutes for each other as inputs into the refining...

Persistent link: https://www.econbiz.de/10012947648

Counterfeit-Product Trade

Grossman, Gene M.; Shapiro, Carl - 2021

We analyze a two-country model of trade in both legitimate and counterfeit products. Domestic firms own trademarks and establish reputations for delivering high-quality products in a steady-state equilibrium. Foreign suppliers export legitimate low-quality merchandise and counterfeits of...

Persistent link: https://www.econbiz.de/10013215713

Foreign Direct Investments in Services and the Domestic Market for Expertise

Markusen, James R.; Rutherford, Thomas F.; Tarr, David G. - 2022

Producer services such as managerial and engineering consulting can provide domestic firms with the substantial benefits of specialized knowledge that would be costly in terms of both time and money for domestic firms to develop on their own. These intermediate services are often non-traded, or...

Persistent link: https://www.econbiz.de/10013308347

Precedent and Legal Argument in U.S. Trade Policy : Do They Matter to the Political Economy of the Lumber Dispute?

Kalt, Joseph P. - 2021

For more than a decade, the United States and Canada have been engaged in a rancorous dispute over trade in softwood lumber. Through three successive rounds of administrative litigation before the U.S. Department of Commerce, the U.S. sawmill industry has sought to have countervailing duties...

Persistent link: https://www.econbiz.de/10013310225

Gains and Losses from Potential Bilateral Us-China Trade Retaliation

Dong, Yan - 2011

regions, the US, China, EU, Japan and Rest of the World, and calibrated to a global 2009 micro consistent data set. The other … debated. In a US-China trade conflict, Europe and Japan would seem gainers from preferential access to US and Chinese markets … Japan from trade diversion if the substitutions elasticities of imports are high. Costs will are borne by the US and China …

Persistent link: https://www.econbiz.de/10013120993