Are all trade protection policies created equal?

Description

"Over the past decades, the steel industry has been protected by a wide variety of trade policies, both tariff- and quota-based. We exploit this extensive heterogeneity in trade protection to examine the well-established theoretical literature predicting nonequivalent effects of tariffs and quotas on domestic firms' market power. Robust to a variety of empirical specifications with U.S. Census data on the population of U.S. steel plants from 1967-2002, we find evidence for significant market power effects for binding quota-based protection, but not for tariff-based protection. There is only weak evidence that antidumping protection increases market power"--National Bureau of Economic Research web site.

Subjects

Series Statement

• NBER working paper series -- working paper 16391
• Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16391.

Links

• External source

Other Editions

• Are all trade protection policies created equal?: empirical evidence for nonequivalent market power effects of tariffs and quotasElectronic resourceNational Bureau of Economic Research2010-01-01
• Are all trade protection policies created equal?Electronic resourceNational Bureau of Economic Research2010