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Two common views are that a country cannot develop without a strong manufacturing base and that trade restrictions are essential to facilitate the development of that strong manufacturing base and thus spur economic growth. We ask: <ul><li>Does a strong manufacturing share of GDP facilitate economic...</li></ul>
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The following tables show the results of the probit analysis for the Senate and the House. A table including results for different combinations of the independent variables is included in an unpublished appendix available from the authors upon request. The results of the probit analysis for the...
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War is costly both because of the resources used up and because of the inefficiency introduced by the higher taxes necessary to finance them. War has been justified by its ability to help an economy achieve full employment. Robert Barro argues that war increases employment because folks work...
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For the steel import quota bill of 1999, our answer to the question posed in the title is that each word in the Congressional Record costs $39 in campaign contributions from the steel industry. Consequently, our answer is "Yes."
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