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Interpreting the Tariff-Growth Correlation of the Late Nineteenth Century
Irwin, Douglas A. - 2002
Recent research has documented a positive relationship between tariffs and growth in the late nineteenth century. Such a correlation does not establish a causal relationship between tariffs and growth, but it is tempting to view the correlation as constituting evidence that protectionist or...
Persistent link: https://www.econbiz.de/10012469976
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The Smoot-Hawley Trade War
Mitchener, Kris; Wandschneider, Kirsten; O'Rourke, … - National Bureau of Economic Research - 2021
We document the outbreak of a trade war after the U.S. adopted the Smoot-Hawley tariff in June 1930. U.S. trade partners initially protested the possible implementation of the sweeping tariff legislation, with many eventually choosing to retaliate by increasing their tariffs on imports from the...
Persistent link: https://www.econbiz.de/10012496170
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Reciprocated Unilateralism in Trade Reforms with Majority Voting
Krishna, Pravin - 2004
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/10012467863
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Reciprocated Unilateralism in Trade Policy : An Interest-Group Approach
Krishna, Pravin - 2003
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/10012469067
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Putting the Lid on Lobbying : Tariff Structure and Long-Term Growth when Protection is for Sale
Nunn, Nathan - 2006
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/10012466530
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Was It Stolper-Samuelson, Infant Industry or Something Else? World Trade Tariffs 1789-1938
Williamson, Jeffrey G. - 2003
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/10012469042
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A Tariff-Growth Paradox? Protection's Impact the World Around 1875-1997
Clemens, Michael A. - 2001
This paper uses a new database to establish two findings covering the first globalization boom before World War I, the … second since World War II, and the autarkic interlude in between. First, there is strong evidence supporting a Tariff …-Growth Paradox: protection was associated with fast growth before World War II, while it was associated with slow growth thereafter …
Persistent link: https://www.econbiz.de/10012470259
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Protectionism Isn't Counter‐Cyclic (anymore)
Rose, Andrew K. - 2012
Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions …. While that may have been a valid description of the data before the Second World War, it is now inaccurate. In the post …-war era, protectionism has not actually moved counter-cyclically. Tariffs and non-tariff barriers simply do not rise …
Persistent link: https://www.econbiz.de/10012460597
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Measuring Nontariff Trade Policies
Baldwin, Robert E. - 1989
through multilateral negotiations. Four measurement methods are analyzed: price-impact measures, quantity-impact measures …-distorted prices, are the most useful forms of measurement, since they focus on the price-distorting effects of NTMs and are also …
Persistent link: https://www.econbiz.de/10012476070
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Tariff Liberalization Policy and Financial Restrictions
Aizenman, Joshua - 1983
The purpose of this paper is to assess how restrictions on capital mobility affect adjustment to a tariff liberalization policy. This is done by comparing the adlustment process under free and restricted convertibility of foreign assets in a regime where the commercial exchange rate is pegged....
Persistent link: https://www.econbiz.de/10012477844