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Import tariffs tend to be higher for final goods than for inputs, a phenomenon commonly referred to as tariff …-maximizing tariffs are uniform across sectors. We show that tariff escalation can be rationalized on efficiency grounds in the presence … up the chain for final-good tariffs, input tariffs may drive final-good producers to relocate abroad, mitigating their …
Persistent link: https://www.econbiz.de/10013334443
We propose and provide evidence for a new source of gains from trade: Firms invest in product differentiation to escape import competition. In the data and in the model, these investments are associated with increases in measured productivity, introduction of new goods, and shifts to...
Persistent link: https://www.econbiz.de/10012453189
We study empirically and theoretically the dynamic effects of the unilateral reduction in import tariffs undertaken by …, tariffs, imbalances, and input-output linkages in the late 1980s. We introduce an anticipated phased out reform into the model …
Persistent link: https://www.econbiz.de/10014322766
This paper describes the updating of the NBER trade dataset, which now provides U.S. import and export values to the year 2001, disaggregated by Harmonized System (HS), Standard International Trade Classification (SITC), and the U.S. Standard Industrial Classification (SIC) categories. In...
Persistent link: https://www.econbiz.de/10012469316
Why would the US threaten punitive tariffs on luxury autos to implement a market share target in auto parts? We show …
Persistent link: https://www.econbiz.de/10012473162
Persistent link: https://www.econbiz.de/10003500507
Were high import tariffs somehow related to the strong U.S. economic growth during the late nineteenth century? This … paper examines this frequently mentioned but controversial question and investigates the channels by which tariffs could … expansion and capital accumulation than on productivity growth; (ii) tariffs may have discouraged capital accumulation by …
Persistent link: https://www.econbiz.de/10012471128
each 1 percentage point increase in exposure to the US tariffs was associated with a 0.59% reduction in night … grids with negligible direct exposure to the US tariffs accounted for up to 70% of China's population, we infer that the 2 … tariffs …
Persistent link: https://www.econbiz.de/10012660027
percentage points of the tariffs are explained by terms of trade considerations. Decomposing the politically-optimal tariff in …
Persistent link: https://www.econbiz.de/10012599405
We investigate the effects of higher tariffs on the current account.Tariffs may increase or decrease investment … depending on the capital intensity of the sector protected. We find that ther esponse of saving to tariffs issensitive to the …), saving fallswith higher tariffs. This result may, however, be reversed in the Blanchard-Yaarj type model in which consumers …
Persistent link: https://www.econbiz.de/10012477207