Trade wars: Canada's reaction to the Smoot-Hawley Tariff
成果类型：
Article
署名作者：
McDonald, JA; OBrien, AP; Callahan, CM
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050700019549
发表日期：
1997
页码：
802-826
关键词：
摘要：
Strange as it seems, the infamous Smoot-Hawley Tariff might have had an expansionary effect an the U.S. economy. Basic macroeconomic principles indicate that the direct effect of a tariff increase is expansionary. This expansionary effect might be offset by retaliatory increases in foreign tariffs. Barry Eichengreen has recently questioned whether significant retaliation to Smoot-Hawley occurred. This article demonstrates that the tariff increases enacted during 1930 in Canada-the largest trading partner of the United States-were in direct response to Smoot-Hawley, The conventional wisdom that Smoot-Kawley hurt the U.S. economy may be right after all.