Democracy and protectionism
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Author
Contributions
- Taylor, Alan M., 1964- - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2006 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
7,750 words, Guess
Page Count
31 pages
Identifiers
- Library of Congress Control Number2006619055
- OCLC Control Number69410261
- Open LibraryOL17630120M
Classifications
- LCCHB1
Description
"Does democracy encourage free trade? It depends. Broadening the franchise involves transferring power from non-elected elites to the wider population, most of whom will be workers. The Hecksher-Ohlin-Stolper-Samuelson logic says that democratization should lead to more liberal trade policies in countries where workers stand to gain from free trade; and to more protectionist policies in countries where workers will benefit from the imposition of tariffs and quotas. We test and confirm these political economy implications of trade theory hypothesis using data on democracy, factor endowments, and protection in the late nineteenth century"--National Bureau of Economic Research web site.
Subjects
Topics
Series Statement
- NBER working paper series -- no. 12250.
- Working paper series (National Bureau of Economic Research) -- working paper no. 12250.
Links
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