Protection for Free?: The Political Economy of U.S. Tariff suspensions
This paper studies the political influence of individual firms on Congressional decisions to suspend tariffs on U.S. imports of intermediate goods. We develop a model in which firms influence the government by transmitting information about the value of protection, via costless messages (cheap-talk)...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/211 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper studies the political influence of individual firms on Congressional decisions to suspend tariffs on U.S. imports of intermediate goods. We develop a model in which firms influence the government by transmitting information about the value of protection, via costless messages (cheap-talk) and costly messages (lobbying). We estimate our model using firm-level data on tariff suspension bills and lobbying expenditures from 1999-2006, and find that indeed verbal opposition by import-competing firms, with no lobbying, significantly reduces the probability of a suspension being granted. In addition, lobbying expenditures by proponent and opponent firms sway this probability in opposite directions |
Beschreibung: | 1 Online-Ressource (48 p) |
ISBN: | 1455205427 9781455205424 |
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spelling | Mishra, Prachi Verfasser aut Protection for Free? The Political Economy of U.S. Tariff suspensions Mishra, Prachi Washington, D.C International Monetary Fund 2010 1 Online-Ressource (48 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/211 This paper studies the political influence of individual firms on Congressional decisions to suspend tariffs on U.S. imports of intermediate goods. We develop a model in which firms influence the government by transmitting information about the value of protection, via costless messages (cheap-talk) and costly messages (lobbying). We estimate our model using firm-level data on tariff suspension bills and lobbying expenditures from 1999-2006, and find that indeed verbal opposition by import-competing firms, with no lobbying, significantly reduces the probability of a suspension being granted. In addition, lobbying expenditures by proponent and opponent firms sway this probability in opposite directions Online-Ausg Ludema, Rodney D. Sonstige oth Mayda, Anna Maria Sonstige oth http://elibrary.imf.org/view/IMF001/11278-9781455205424/11278-9781455205424/11278-9781455205424.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Mishra, Prachi Protection for Free? The Political Economy of U.S. Tariff suspensions |
title | Protection for Free? The Political Economy of U.S. Tariff suspensions |
title_auth | Protection for Free? The Political Economy of U.S. Tariff suspensions |
title_exact_search | Protection for Free? The Political Economy of U.S. Tariff suspensions |
title_exact_search_txtP | Protection for Free? The Political Economy of U.S. Tariff suspensions |
title_full | Protection for Free? The Political Economy of U.S. Tariff suspensions Mishra, Prachi |
title_fullStr | Protection for Free? The Political Economy of U.S. Tariff suspensions Mishra, Prachi |
title_full_unstemmed | Protection for Free? The Political Economy of U.S. Tariff suspensions Mishra, Prachi |
title_short | Protection for Free? |
title_sort | protection for free the political economy of u s tariff suspensions |
title_sub | The Political Economy of U.S. Tariff suspensions |
url | http://elibrary.imf.org/view/IMF001/11278-9781455205424/11278-9781455205424/11278-9781455205424.xml |
work_keys_str_mv | AT mishraprachi protectionforfreethepoliticaleconomyofustariffsuspensions AT ludemarodneyd protectionforfreethepoliticaleconomyofustariffsuspensions AT maydaannamaria protectionforfreethepoliticaleconomyofustariffsuspensions |