Tariffs and income : a time series analysis for 24 countries

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dc.contributor.author Lampe, Markus
dc.contributor.author Sharp, Paul
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Historia Económica e Instituciones
dc.date.accessioned 2012-11-06T11:36:38Z
dc.date.available 2012-11-06T11:36:38Z
dc.date.issued 2012-10
dc.identifier.uri http://hdl.handle.net/10016/15819
dc.description.abstract We argue for a new approach to examining the relationship between tariffs and growth. We demonstrate that more can be learned from time series analyses of the experience of individual countries rather than the usual panel data approach, which imposes a causal relation and presents an average coefficient for all countries. Tentative initial results using simple two variable cointegrated VAR models suggest considerable heterogeneity in the experiences of the countries we look at. For most, however, there was a negative relationship between tariffs and levels of income for both the preand post-Second World War periods. However, in the second half of the twentieth century, the causality ran from income to tariffs: i.e. countries simply liberalized as they got richer. Policy decisions based on the usual panel approach might thus be very inappropriate for individual countries
dc.description.sponsorship Markus Lampe also thanks MCI project ECO2011-25713
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Working papers in economic history
dc.relation.ispartofseries 12-08
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Tariff/growth relationship
dc.subject.other Protectionism
dc.subject.other Trade liberalization
dc.subject.other Cointegrated VAR
dc.title Tariffs and income : a time series analysis for 24 countries
dc.type workingPaper
dc.subject.jel F1
dc.subject.jel F4
dc.subject.jel N1
dc.subject.jel N7
dc.subject.jel O2
dc.subject.eciencia Economía
dc.subject.eciencia Historia
dc.rights.accessRights openAccess
dc.relation.projectID Gobierno de España. ECO2011-25713
dc.type.version submitedVersion
dc.identifier.uxxi DT/0000000979
dc.identifier.repec wp12-08
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