Using the Gravity Model to Estimate the Costs of Protection
- Wall, Howard J. (Federal Reserve Bank of St. Louis)
- Archival Version (Subtitle)
AbstractEconomists' estimates of the actual burden that trade protectionism imposes on the economy have been surprisingly small. In this article, the author presents a method that captures some of the effects and distortions of trade protection that have not been captured by existing methods. He finds that during 1996, worldwide protectionism reduced United States exports by 26.2 percent. Likewise, United States protectionism decreased United States imports from non-NAFTA countries by 15.4 percent. He calculates further that the welfare cost of United States protectionism amounted to about 1.45 percent of United States national income, which is much higher than previous estimates.
Table of Contents
- DS1: Dataset
(1) The file submitted is 9901hw.xls, which contains the data for the regressions in the article. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.
- 1200 (Type: ICPSR Study Number)
Is previous version of
Wall, Howard J.. Using the gravity model to estimate the costs of protection. Federal Reserve Bank of St. Louis Review.81, (1), 33-40.1999.
Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15