| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15952 |
| DP15952 The Smoot-Hawley Trade War | |
| Kirsten Wandschneider; Kevin O'Rourke | |
| 发表日期 | 2021-03-22 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We document the outbreak of a trade war after the U.S. adopted the Smoot-Hawley tariff in June 1930. U.S. trade partners initially protested the possible implementation of the sweeping tariff legislation, with many eventually choosing to retaliate by increasing their tariffs on imports from the United States. Using a new quarterly dataset on bilateral trade for 99 countries during the interwar period, we show that U.S. exports to countries that protested fell by between 15 and 22 percent, while U.S. exports to retaliators fell by 28-33 percent. Furthermore, using a second new dataset on U.S. exports at the product-level, we find that the most important U.S. exports to retaliating markets were particularly affected, suggesting a possible mechanism whereby the U.S. was targeted despite countries’ MFN obligations. The retaliators’ welfare gains from trade fell by roughly 8-17%. |
| 主题 | Economic History ; International Trade and Regional Economics |
| 关键词 | Trade Trade war Smoot-hawley |
| URL | https://cepr.org/publications/dp15952 |
| 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/544942 |
| 推荐引用方式 GB/T 7714 | Kirsten Wandschneider,Kevin O'Rourke. DP15952 The Smoot-Hawley Trade War. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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