INDUSTRIAL POLICY AND DOWNSTREAM EXPORT PERFORMANCE

• 成果类型: Article
• 署名作者: Blonigen, Bruce A.
• 署名单位: University of Oregon; National Bureau of Economic Research
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12223
• 发表日期: 2016
• 页码: 1635-1659
• 关键词: cascading contingent protection; trade liberalization; INTERNATIONAL-TRADE; intermediate inputs; steel; COMPETITION; safeguards; welfare; GROWTH; FIRMS

摘要

Industrial policies (IPs) are commonly used by countries to promote targeted sectors but may have significant impacts on downstream sectors. Using a new hand-collected database of steel-sector IP use in major steel-producing countries, I find that IP use is quite harmful to downstream sectors. A 1 standard deviation increase in steel IP presence leads to a 1.2% decline in export competitiveness for the average downstream manufacturing sector in the first few years of its application, and a 6% decline for downstream sectors that use steel most intensively. These results are largely driven by the less-developed countries in my sample.