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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/10012466530
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/10012469529
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/10012479072
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/10012469549
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/10012453173
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/10012468825
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/10012459423
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
shocks generate more demand for protectionism, and among trade shocks, outsourcing to a developing country elicits greater … demand for protectionism than outsourcing to a developed country. The "bad management" shock is the only scenario that …
Persistent link: https://www.econbiz.de/10012479656
Persistent link: https://www.econbiz.de/10012462265