| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25638 |
| 来源ID | Working Paper 25638 |
| The Return to Protectionism | |
| Pablo D. Fajgelbaum; Pinelopi K. Goldberg; Patrick J. Kennedy; Amit K. Khandelwal | |
| 发表日期 | 2019-03-11 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | After decades of supporting free trade, in 2018 the U.S. raised import tariffs and major trade partners retaliated. We analyze the short-run impact of this return to protectionism on the U.S. economy. Import and retaliatory tariffs caused large declines in imports and exports. Prices of imports targeted by tariffs did not fall, implying complete pass-through of tariffs to duty-inclusive prices. The resulting losses to U.S. consumers and firms who buy imports was $51 billion, or 0.27% of GDP. We embed the estimated trade elasticities in a general-equilibrium model of the U.S. economy. After accounting for tariff revenue and gains to domestic producers, the aggregate real income loss was $7.2 billion, or 0.04% of GDP. Import tariffs favored sectors concentrated in politically competitive counties, and the model implies that tradeable-sector workers in heavily Republican counties were the most negatively affected due to the retaliatory tariffs. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w25638 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583310 |
| 推荐引用方式 GB/T 7714 | Pablo D. Fajgelbaum,Pinelopi K. Goldberg,Patrick J. Kennedy,et al. The Return to Protectionism. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25638.pdf（2095KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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