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This paper investigates the factors explaining significant policy change by studying how bipartisan support developed to sustain the Reciprocal Trade Agreements Act (RTAA) of 1934.
Persistent link: https://www.econbiz.de/10005245389
This paper investigates how changes in both institutional incentives and economic interests are important for securing durable changes in economic policy. We study how bipartisan support developed to sustain the Reciprocal Trade Agreements Act (RTAA) of 1934, which fundamentally transformed U.S....
Persistent link: https://www.econbiz.de/10014189396
We analyze Senate roll-call votes concerning tariffs on specific goods in order to understand the economic and political factors influencing the passage of the Smoot-Hawley Tariff Act of 1930.
Persistent link: https://www.econbiz.de/10005245436
This paper investigates whether political competition plays an important role in determining the level of agricultural protection. In order to do so, we exploit variation in political and economic data from 74 developing and developed countries for the post-war period. Our results robustly show...
Persistent link: https://www.econbiz.de/10010307570
Governments in more developed economies partially compensate import-competing industries when world prices fall, i.e. they lean against the wind. In less developed economies we often observe liberalization in response to the same shock. We use a political-support maximization model with revenue...
Persistent link: https://www.econbiz.de/10010334348
This paper shows that the Electoral College system used to elect presidents of the United States (US) distorts US federal policies in favor of key industries in swing states. Using detailed data on US trade policies during the past few decades, we find that the level of trade protection granted...
Persistent link: https://www.econbiz.de/10014563974
This paper shows that electoral incentives affect the occurrence of trade disputes. Focusing on WTO disputes filed by the United States during the 1995-2012 period, we show that U.S. presidents are more likely to initiate a dispute in the year preceding their re-election date. Moreover, disputes...
Persistent link: https://www.econbiz.de/10011444429
This paper develops a standard model of international trade and makes three contributions. First, it shows that when the welfare function of the recipient country reflects the utility of natives, freetrade and free-migration generate isomorphic results, that is, they increase overall welfare but...
Persistent link: https://www.econbiz.de/10011788950
The agricultural and food sector is an ideal case for investigating the political economy of public policies. Many of the policy developments in this sector since the 1950s have been sudden and transfirmational, while others have been gradual but persistent. This article reviews and synthesizes...
Persistent link: https://www.econbiz.de/10010313271
We analyze how economy-wide forces (i.e.shocks to terms of trade, technology and endowments) affect the intensity of social conflict. We see conflict phenomena such as crime and civil war as involving resource appropriation activities. We show that not all shocks that could make society richer...
Persistent link: https://www.econbiz.de/10010318947