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dc.contributor.authorBlanchard, Emily J.en
dc.contributor.authorWillmann, Geralden
dc.date.accessioned2007-12-21-
dc.date.accessioned2009-07-28T08:16:06Z-
dc.date.available2009-07-28T08:16:06Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/26115-
dc.description.abstractThis paper analyzes the dynamics of trade policy reform under democracy. In an overlapping generations model, heterogeneous agents may acquire skills when young, thereby determining the skill composition of their cohort. Current and anticipated trade policies influence education decisions, and thus the identity of the median voter. We show that there may exist two political steady states: one protectionist and one liberal. Transition from the former to the latter can be achieved by government announcements, temporary educational subsidies, or (exogenous) tariff liberalization by trading partners, but not, in general, by transfer payments to adversely affected workers. We find additionally that reform is politically feasible only if the proposed liberalization is sufficiently large, suggesting that radical reform may be necessary for escaping a “protectionist rut.”en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2070en
dc.subject.jelD72en
dc.subject.jelE60en
dc.subject.jelF13en
dc.subject.jelF16en
dc.subject.ddc330en
dc.subject.stwAußenhandelsliberalisierungen
dc.subject.stwPublic Choiceen
dc.subject.stwOverlapping Generationsen
dc.subject.stwTheorieen
dc.titlePolitical stasis or protectionist rut?: Policy mechanisms for trade reform in a democracy-
dc.typeWorking Paperen
dc.identifier.ppn555836010en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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