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Trade Liberalization and the Theory of Endogenous Protection: An Econometric Study of U.S. Import Policy

Daniel Trefler
Journal of Political Economy
Vol. 101, No. 1 (Feb., 1993), pp. 138-160
Stable URL: http://www.jstor.org/stable/2138677
Page Count: 23
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Trade Liberalization and the Theory of Endogenous Protection: An Econometric Study of U.S. Import Policy
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Abstract

Trade theorists continue to puzzle over their surprisingly small estimates of the impact of trade liberalization on imports. All explanations of the puzzle treat trade liberalization as a given. But the level of trade protection is not exogenous. The theory of endogenous protection predicts that higher levels of import penetration will lead to greater protection. This paper finds that when trade protection is modeled endogenously, its restrictive impact on imports is large, 10 times the size obtained from treating protection exogenously.

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