potential productivity benefits. The welfare benefits of final-good tariffs thus tend to be larger, with the optimal degree of …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 …

expansion and capital accumulation than on productivity growth; (ii) tariffs may have discouraged capital accumulation by …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 …

This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into … tariffs which varied substantially across goods, trade partners, and time. We develop a novel method of controlling for … the impact of tariffs on trade flows. The overall impact of post-1929 tariff shifts, including the 1932 agreements, was …

major financial or economic crash. With a shrinking labor force and declining efficiency of investment, raising productivity …

policy of moderate tariffs, non-discrimination, and conflict avoidance provided much needed stability during the critical …

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 …

percentage points of the tariffs are explained by terms of trade considerations. Decomposing the politically-optimal tariff in …

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 …