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Democracy and protectionism

Author: Kevin H O'Rourke; Alan M Taylor; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2006.
Series: Working paper series (National Bureau of Economic Research), no. 12250.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"Does democracy encourage free trade? It depends. Broadening the franchise involves transferring power from non-elected elites to the wider population, most of whom will be workers. The Hecksher-Ohlin-Stolper-Samuelson logic says that democratization should lead to more liberal trade policies in countries where workers stand to gain from free trade; and to more protectionist policies in countries where workers will  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Kevin H O'Rourke; Alan M Taylor; National Bureau of Economic Research.
OCLC Number: 69122808
Description: 1 online resource (1 volume).
Series Title: Working paper series (National Bureau of Economic Research), no. 12250.
Responsibility: Kevin H. O'Rourke, Alan M. Taylor.

Abstract:

"Does democracy encourage free trade? It depends. Broadening the franchise involves transferring power from non-elected elites to the wider population, most of whom will be workers. The Hecksher-Ohlin-Stolper-Samuelson logic says that democratization should lead to more liberal trade policies in countries where workers stand to gain from free trade; and to more protectionist policies in countries where workers will benefit from the imposition of tariffs and quotas. We test and confirm these political economy implications of trade theory hypothesis using data on democracy, factor endowments, and protection in the late nineteenth century"--National Bureau of Economic Research web site.

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