IDEAS home Printed from https://ideas.repec.org/a/eej/eeconj/v15y1989i3p173-176.html
   My bibliography  Save this article

Trade Policy and Protectionism: A Conversation with Jagdish Bhagwati

Author

Listed:
  • Jagdish Bhagwati

    (Columbia University)

Abstract

This paper examines empirically two facets of labor force participation dynamics that imply quite different interpretations of labor market fluctuations. The first, which underlies equilibrium business cycle models, is that workers time their participation to coincide with periods of high real wages. The second, which implies the existence of involuntary unemployment during cyclical downturns, is that workers' current labor force status is heavily influenced by their work experience in the recent past. The authors' results suggest that these persistence effects are a key feature of labor force behavior, particularly for teenagers, adult women, and older men. In contrast, very little evidence could be found to support the intertemporal substitution hypothesis.

Suggested Citation

  • Jagdish Bhagwati, 1989. "Trade Policy and Protectionism: A Conversation with Jagdish Bhagwati," Eastern Economic Journal, Eastern Economic Association, vol. 15(3), pages 173-176, Jul-Sep.
  • Handle: RePEc:eej:eeconj:v:15:y:1989:i:3:p:173-176
    as

    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume15/V15N3P173_176.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. J.M. Finger & H. Keith Hall & Douglas R. Nelson, 2002. "The Political Economy of Administered Protection," Chapters, in: Institutions and Trade Policy, chapter 8, pages 81-95, Edward Elgar Publishing.
    2. Finger, J Michael & Nogues, Julio, 1987. "International Control of Subsidies and Countervailing Duties," The World Bank Economic Review, World Bank, vol. 1(4), pages 707-725, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chong-Hyun Nam, 1993. "Protectionist U.S. Trade Policy and Korean Exports," NBER Chapters, in: Trade and Protectionism, pages 183-222, National Bureau of Economic Research, Inc.
    2. Angelika Eymann & Ludger Schuknecht, 1996. "Antidumping Policy In The European Community: Political Discretion Or Technical Determination," Economics and Politics, Wiley Blackwell, vol. 8(2), pages 111-131, July.
    3. Finger, J. Michael, 1991. "The origins and evolution of antidumping regulation," Policy Research Working Paper Series 783, The World Bank.
    4. Finger, Michael J. & Dhar, Sumana, 1992. "Do rules control power? GATT articles and arrangements in the Uruguay Round," Policy Research Working Paper Series 818, The World Bank.
    5. Maurizio Zanardi, 2004. "Antidumping law as a collusive device," Canadian Journal of Economics, Canadian Economics Association, vol. 37(1), pages 95-122, February.
    6. Bin, Sheng, 2000. "The Political Economy of Trade Policy in China," Working Papers 10/2000, Copenhagen Business School, Department of Management, Politics & Philosophy.
    7. Jae W. Chung, 1998. "Effects of U.S. Trade Remedy Law Enforcement under Uncertainty: The Case of Steel," Southern Economic Journal, John Wiley & Sons, vol. 65(1), pages 151-159, July.
    8. Francois, Joseph & Nelson, Douglas & Pelkmans-Balaoing, Annette, 2008. "Endogenous Protection in General Equilibrium: Estimating Political Weights in the EU," CEPR Discussion Papers 6979, C.E.P.R. Discussion Papers.
    9. Metiu, Norbert, 2021. "Anticipation effects of protectionist U.S. trade policies," Journal of International Economics, Elsevier, vol. 133(C).
    10. Kara M. Reynolds, 2009. "From Agreement to Application: An Analysis of Determinations under the WTO Antidumping Agreement," Review of International Economics, Wiley Blackwell, vol. 17(5), pages 969-985, November.
    11. Nogues, Julio J. & Baracat, Elias, 2005. "Political economy of antidumping and safeguards in Argentina," Policy Research Working Paper Series 3587, The World Bank.
    12. Benjamin Liebman, 2004. "ITC voting behavior on sunset reviews," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 140(3), pages 446-475, September.
    13. Zhou, Dongsheng & Vertinsky, Ilan, 2002. "Can protectionist trade measures make a country better off? A study of VERs and minimum quality standards," Journal of Business Research, Elsevier, vol. 55(3), pages 227-236, March.
    14. Robert E. Baldwin & Jeffrey W. Steagall, 1993. "An Analysis of Factors Influencing ITC Decisions in Antidumoing, Countervailing Duty and Safeguard Cases," NBER Working Papers 4282, National Bureau of Economic Research, Inc.
    15. Julio.J. Nogués & Andrzej Olechowski & L. Alan Winters, 2015. "The Extent of Nontariff Barriers to Industrial Countries' Imports," World Scientific Book Chapters, in: Non-Tariff Barriers, Regionalism and Poverty Essays in Applied International Trade Analysis, chapter 2, pages 29-47, World Scientific Publishing Co. Pte. Ltd..
    16. Aksel Erbahar & Yuan Zi, 2015. "Cascading Trade Protection: Theory and Evidence from the U.S," CTEI Working Papers series 04-2015, Centre for Trade and Economic Integration, The Graduate Institute.
    17. Robert E. Baldwin & J. David Richardson, 1987. "Recent U.S. Trade Policy and Its Global Implications," NBER Chapters, in: Trade and Structural Change in Pacific Asia, pages 121-156, National Bureau of Economic Research, Inc.
    18. Trofimov, Ivan D., 2017. "Political economy of trade protection and liberalization: in search of agency-based and holistic framework of policy change," MPRA Paper 79504, University Library of Munich, Germany.
    19. Fredriksson, Per G. & Vollebergh, Herman R. J. & Dijkgraaf, Elbert, 2004. "Corruption and energy efficiency in OECD countries: theory and evidence," Journal of Environmental Economics and Management, Elsevier, vol. 47(2), pages 207-231, March.
    20. Kuenzel, David J., 2020. "WTO tariff commitments and temporary protection: Complements or substitutes?," European Economic Review, Elsevier, vol. 121(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:15:y:1989:i:3:p:173-176. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Matheson, College of the Holy Cross (email available below). General contact details of provider: https://edirc.repec.org/data/eeaa1ea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.