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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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Protection for Sale : An Empirical Investigation
Goldberg, Pinelopi Koujianou - 1997
A prominent model in the recent political-economy literature on trade policy is Grossman and Helpman's (1994) Protection for Sale' model. This model yields clear predictions for the cross-sectional structure of trade protection. The objective of our" paper is to check whether the predictions of...
Persistent link: https://www.econbiz.de/10012472882
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Trade Policy Making in a Model of Legislative Bargaining
Celik, Levent - 2011
In democracies, trade policy is the result of interactions among many agents with different agendas. In accordance with this observation, we construct a dynamic model of legislative trade policy-making in the realm of distributive politics. An economy consists of different sectors, each of which...
Persistent link: https://www.econbiz.de/10012461395
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Endogenous Trade Protection and Exchange Rate Adjustment
Auray, Stéphane - 2019
This paper explores the relationship between exchange rate adjustment and trade policy in a simple New Keynesian open economy macro model. We show that movement in exchange rates have a direct implication for trade policy when governments choose tariffs endogenously. In particular, we show that...
Persistent link: https://www.econbiz.de/10012479473
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Negotiated Trade Restrictions with Private Political Pressure
Feenstra, Robert C. - 1987
In this paper we consider a home government with political pressure to restrict trade, at the expense of foreigners. The foreign country is compensated with an income transfer, which can be thought of as a portion of the tariff revenues or quota rents. In this setting the two countries should...
Persistent link: https://www.econbiz.de/10012476694
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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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Protection For Sale
Grossman, Gene M. - 1992
We develop a model in which special interest groups make political contributions in order to influence an incumbent government's choice of trade policy. In the political equilibrium. the interest groups bid for protection, and each group's offer is optimal given the offers of the others. The...
Persistent link: https://www.econbiz.de/10012474821
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Lobbying Competition Over Trade Policy
Gawande, Kishore - 2005
investigates empirically the consequences of lobbying competition between upstream and downstream producers for trade policy. The … with lobbying competition. Importantly, accounting for lobbying competition also alters substantially estimates of the …
Persistent link: https://www.econbiz.de/10012467312
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Protectionism and the Business Cycle
Barattieri, Alessandro - 2018
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/10012453361