| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5729 |
| DP5729 A Critical Appraisal of Recent Developments in the Analysis of Foreign Exchange Intervention | |
| Paolo Vitale | |
| 发表日期 | 2006-06-20 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Tariffs Factor endowments Heckscher-ohlin trade theory Stolper-samuelson theorem |
| URL | https://cepr.org/publications/dp5729 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534560 |
| 推荐引用方式 GB/T 7714 | Paolo Vitale. DP5729 A Critical Appraisal of Recent Developments in the Analysis of Foreign Exchange Intervention. 2006. |
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