Can oil discovery shocks affect the demand for protectionism? An intertemporal model of Dutch disease indicates that if … the tradable sector is politically dominant then an oil discovery can induce protectionism. If the economy is also credit …

general and protectionism in particular have been written from a utilitarian perspective. Indeed, it would only be a slight … overstatement to say that the only works written about protectionism have been written from a utilitarian perspective. The reason … for this fact is that most analyses on protectionism are written either by economists or by people who adopt the ideas of …

of commodities. However, mainstream economic theory does not rule out protectionism as a welfare maximizing policy option … level. The main argument for protectionism is that of infant industry; industries in newly developing countries can only … of the nation imposing tariffs retaliate with a tariff on imports. Choosing or rejecting protectionism should be an …