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This paper asks whether the results obtained from using the standard approach to testing the influential Grossman and Helpman protection for sale (PFS) model of political economy might arise from a simpler setting. A model of imports and quotas with protection occurring in response to import...
Persistent link: https://www.econbiz.de/10012733666
inevitably emerges in the market. The problem of free riding in the game, if serious, will lower the lobbying-endogenous tariff …-endogenous tariff decreases social welfare in the game. Notably, welfare-improving trade liberalization occurs if the government removes … the lobbying-endogenous tariff and moves toward free trade …
Persistent link: https://www.econbiz.de/10012901702
response face a trade-off between maximizing political targeting and mitigating domestic economic harm? We use the recent trade … escalation between the US, China, the European Union (EU) and the North American Free Trade Agreement (NAFTA) countries to answer …
Persistent link: https://www.econbiz.de/10012890196
We use the recent trade escalation between the US, China, the European Union (EU), Canada and Mexico to study whether … on the potential trade-offs between achieving a high degree of political targeting and managing the risks to ones own …
Persistent link: https://www.econbiz.de/10012891031
to examine this outcome. The hypothesis that support for protectionism was purely a response to globalization is rejected …. Exposure to trade competition encouraged a shift to the Republican candidate, but this effect is mediated by race, diversity …, education, and age. If the turn toward protectionism is due to economic dislocation, then public policy interventions could …
Persistent link: https://www.econbiz.de/10012867592
links to dozens of publications on various aspects of trade …
Persistent link: https://www.econbiz.de/10012977910
economics texts and it has been cited in the scholarly economics literature.But Bastiat's writings on protectionism include much … his other, lesser known writings on protectionism and applies his theories to current conditions. A bibliography with …
Persistent link: https://www.econbiz.de/10013054144
The trade war initiated by the Trump administration is the largest since the US imposed the Smoot-Hawley tariffs in the … 1930s and was still raging when he left office. We analyze how the trade war impacted the 2020 US Presidential election …. Our results highlight the political salience of the trade war: US trade war tariffs boosted Trump’s support but foreign …
Persistent link: https://www.econbiz.de/10013171058
Most populist regimes in Latin American countries used trade policy to redistribute income, despite being less … populist government may use trade policy to encourage capitalists to invest in the more labor-intensive industry. Since moving … capital is costly, those capitalists will support the continuation of the protectionist trade policy even after the populist …
Persistent link: https://www.econbiz.de/10013244324
In this paper we examine the empirical relevance of three prominent endogenous protection models. Is protection for …) and the Tariff Function (Findlay and Wellisz, 1982) models are significant at the one percent level. Novel is our … application of a single, unified theoretical framework to take strict interpretations of the three theoretical models to the data …
Persistent link: https://www.econbiz.de/10013321138