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Research on the quantitative impact of interwar protection on trade flows remains scarce, and much of it has concluded that the impact was surprisingly small. In this paper we ask: Did Indian interwar protection hurt UK manufacturers, by raising tariffs on manufactured imports? Or did it favour...
Persistent link: https://www.econbiz.de/10012481761
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
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
Whether governments clash in trade disputes or negotiate over trade agreements, their actions in the international arena reflect political conditions back home. Previous studies of cooperative and noncooperative trade relations have focused on governments that are immune from political pressures...
Persistent link: https://www.econbiz.de/10012474682
International trade became much less multilateral during the 1930s. Previous studies, looking at aggregate trade flows, have argued that discriminatory trade policies had comparatively little to do with this. Using highly disaggregated information on the UK's imports and trade policies, we find...
Persistent link: https://www.econbiz.de/10012455517
In this paper we derive a new measure of openness--trade potential index--that quantifies potential gains from trade as a simple function of data. Using a standard multicountry trade model, we measure openness by a country's potential welfare gain from moving to a world with frictionless trade....
Persistent link: https://www.econbiz.de/10012456528
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
How large are optimal tariffs? What tariffs would prevail in a worldwide trade war? How costly would be a breakdown of international trade policy cooperation? And what is the scope for future multilateral trade negotiations? I address these and other questions using a unified framework which...
Persistent link: https://www.econbiz.de/10012461311
emphasizes the joint determination of countries' portfolio choices and trading currency. We find that unilateral protectionism on …
Persistent link: https://www.econbiz.de/10014322792
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