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middle class. Just a handful of years into the new millennium, globalization has had a profound impact on economies and … effects in Italy through the changes that occurred in their own lives: while the former was forced to sell the textile company …"Just a handful of years into the new millennium, globalization has had a profound impact on economies and societies …
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This working paper draws on historical and contemporary data on tariffs, non tariff barriers, and transportation costs (for the United States and its major trading partners) to estimate the role of policy liberalization in US merchandise trade growth over the period 1980 to 2006. Both partial...
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Geopolitical conflicts have increasingly been a driver of trade policy. We study the potential effects of global and persistent geopolitical conflicts on trade, technological innovation, and economic growth. In conventional trade models the welfare costs of such conflicts are modest. We build a...
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We investigate how protectionist policies influence economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. We employ the...
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