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Some cultural goods, like clothes and films, are consumed socially and are thus characterized by the same consumption network externalities as languages. At the same time, producers of new cultural goods in any one country draw on the stock of ideas generated by previous cultural production in...
Persistent link: https://www.econbiz.de/10012466781
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/10012474176
Data on global trade as well as capital and labor flows indicate a slowdown, but not reversal, of globalization post the 2008-09 financial crisis. Yet profound changes in the policy environment and public sentiment in the largest economies over the past five years suggest the beginning of a new...
Persistent link: https://www.econbiz.de/10014250133
U.S. President Trump's emphasis on 'tariff reciprocity' has focused public attention on relative height of tariffs as a measure of fairness in trade relations. The importweighted average tariff subsequently used by USTR to rank how protectionist are trading partners is atheoretic and misleading...
Persistent link: https://www.econbiz.de/10015438277
Regional trade in South America since independence has long been much smaller than would be expected if geography were the only constraint on trade. Several potential explanations exist: low technological and demand complementarities; low productivity; high natural and policy barriers to trade....
Persistent link: https://www.econbiz.de/10012457876
Understanding the formation of individual trade policy preferences is a fundamental input into the modeling of trade policy outcomes. Surprisingly, past studies have found mixed evidence that various labor market and industry attributes of workers affect their trade policy preferences, even...
Persistent link: https://www.econbiz.de/10012459194
We examine firm participation in global supply chains to help explain a puzzling decline in protectionist demands in the U.S. despite increased import competition and ongoing currency undervaluation. To explain firm responses to undervaluation, we rely on advances in the international trade...
Persistent link: https://www.econbiz.de/10012459423
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/10012460597
Using a newly created microeconomic archive of U.S. imports at the tariff-line level for 1930-33, we construct industry-level tariff wedges incorporating the input-output structure of U.S. economy and the heterogenous role of imports across sectors of the economy. We use these wedges to show...
Persistent link: https://www.econbiz.de/10012460625
With fast-track authority (FTA), the US Congress delegates trade-policy authority to the President by committing not to amend a trade agreement. We suggest an interpretation in which Congress uses FTA to forestall destructive competition between its members for protectionist rents. We show that...
Persistent link: https://www.econbiz.de/10012460848