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

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

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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