The paper estimates the correlation between tariffs and economic growth in the late nineteenth century, in the context of three types of growth equation: unconditional convergence equations; conditional convergence equations; and factor accumulation models. It does so for a panel of ten...

Empleando un modelo extendido para calcular el crecimiento consistente con el comportamiento de la balanza de pagos y la ecuación de estructura simple propuesta por Thirlwall, se estimó una tasa de crecimiento mayor que la observada. Esto se explica por el superávit acumulado en la cuenta...

We explore international rent-shifting when a domestic firm and a foreign rival compete in the domestic market. To serve the market, the foreign firm has to acquire a production technology through either R&D or licensing obtained from the domestic firm. In the presence of both R&D and licensing,...

This paper investigates the extent of integration of the transition economies into the world economy. We find that south-eastern Europe (SEE) and the Commonwealth of Independent States (CIS) trade significantly less with the world economy than the accession countries. We use a gravity model to...

The paper examines antidumping initiations and measures since the founding of the World Trade Organization on 1 January 1995. The antidumping initiations and measures undertaken by and against the members of the North American Free Trade Agreement (NAFTA) and the European Union (EU) vis-à-vis...

This paper describes the effects of a temporary increase in tariffs on the performance and behavior of U.S. manufacturers. Using antidumping duties as an example of temporary protection, I compare the responses of protected manufacturers to those predicted by models of trade with heterogeneous...

In the poorest countries like Ethiopia the spillover effects of a soaring food price is unbearable. To mitigate the recent rise in food prices and the burden on urban poor consumers, different measures have been considered by policy makers. Recently, Ethiopia banned the export of all grain...

We develop a political economy model where loss aversion and reference dependence are important in shaping people’s preferences over trade policy. The policy implications of the augmented model differ in three ways: there is a region of compensating protection, where a decline in the world...

The authors evaluate the voluntary export restraint that was initially placed on exports of automobiles from Japan in 1981. They evaluate the impact this policy had on U.S. consumer welfare, firm profits, and foregone tariff revenue from its initiation through 1990.