| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15742 |
| DP15742 Trade Imbalances and the Rise of Protectionism | |
| Samuel Delpeuch; Etienne Fize; Philippe Martin | |
| 发表日期 | 2021-01-30 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We investigate the role of trade imbalances in the rise of protectionism in the past 10 years. Bilateral as well as multilateral trade imbalances are robust predictors of protectionist attacks. This result is partly but not entirely driven by the US and the Trump years. We also find that countries that experience a bilateral real exchange rate appreciation launch more protectionist attacks. The role of trade imbalances in the rise of protectionism is confirmed when we use fiscal policies as instrumental variables for trade imbalances. Countries with more expansionary fiscal policies react to the ensuing trade imbalance by a more protectionist trade policy. The role of trade imbalances in the rise of protectionism is quantitatively important: in the G20, a one standard deviation increase in the bilateral and multilateral trade deficits of a country leads respectively to a 7% and 17% rise of protectionist attacks by this country. |
| 主题 | International Macroeconomics and Finance ; International Trade and Regional Economics |
| 关键词 | Trade imbalances Protectionism |
| URL | https://cepr.org/publications/dp15742 |
| 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/544745 |
| 推荐引用方式 GB/T 7714 | Samuel Delpeuch,Etienne Fize,Philippe Martin. DP15742 Trade Imbalances and the Rise of Protectionism. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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