Protectionism Isn't Counter‐Cyclic (anymore) / Andrew K. Rose.

Format:

Book

Author/Creator:

Rose, Andrew K.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w18062.

NBER working paper series no. w18062

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Protectionism Isn't Counter‐Cyclic

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2012.

Summary:

Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions. While that may have been a valid description of the data before the Second World War, it is now inaccurate. In the post-war era, protectionism has not actually moved counter-cyclically. Tariffs and non-tariff barriers simply do not rise systematically during cyclic downturns. I document this new stylized fact with a panel of data covering over 60 countries and 30 years, using eighteen measures of protectionism and seven of business cycles. I also provide some hints as to why protectionism is no longer counter-cyclic.

Notes:

Print version record

May 2012.