-wide surge in protectionism. This study evaluates the risk of protectionism, considering two dimensions: first, the economic … are important. An analysis of the economic effects using the Bank of Canada's Global Economy Model shows that the gains … tempted to exploit short-term political gains. Given the potentially high costs of protectionist trade policies, protectionism …

In this paper, we study the impact of Canada's adoption of protectionist trade policy in 1879 on Canadian welfare … Canada using newly compiled granular trade and production data from 1870 to 1913, and newly estimated historically …