Cabotage sabotage? The curious case of the Jones Act
成果类型：
Article
署名作者：
Olney, William W.
署名单位：
University of Hawaii System
刊物名称：
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN：
0022-1996
DOI：
10.1016/j.jinteco.2020.103378
发表日期：
2020
关键词：
摘要：
This paper examines the economic implications of the Jones Act, which restricts domestic waterborne shipments to American vessels. Since the passage of this cabotage law a century ago, a plausibly exogenous rise in foreign competition has contributed to the closure of most American shipyards and to a decline in American-built ships. Thus, the Jones Act requirements have become more onerous over time. The results show that domestic shipments are less likely to be transported via water than imports of the same good into the same state. Exploiting the decline in Jones-Act-eligible vessels over time, additional results show that this cabotage law has disproportionately decreased domestic water trade especially in coastal states. These findings support common, but to date unverified, claims that the Jones Act impedes domestic trade. (C) 2020 Elsevier B.V. All rights reserved.