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A Rationale for Quota Protection: A Political Economy Approach

Author

Listed:
  • Jay Pil Choi

    (Columbia University)

Abstract

This paper provides a political economy rationale for quota protection in declining industries. When the government maximizes a Stigler-Peltzman type political support function, a quota may have a political advantage over a tariff in that the level of the quota, once it is implemented, does not need to change. A tariff, however, requires constant readjustment in order to sustain the same static political-support-maximizing price. This asymmetry in the transparency of protection can make quota protection more appealing to policymakers than the equivalent tariff protection.

Suggested Citation

  • Jay Pil Choi, 1996. "A Rationale for Quota Protection: A Political Economy Approach," Eastern Economic Journal, Eastern Economic Association, vol. 22(4), pages 421-424, Fall.
    • Handle: RePEc:eej:eeconj:v:22:y:1996:i:4:p:421-424
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume22/V22N4P421_424.pdf
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    Citations

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    Cited by:

    1. Keiko Kubota, 2005. "Fiscal Constraints, Collection Costs, And Trade Policies," Economics and Politics, Wiley Blackwell, vol. 17(1), pages 129-150, March.
    2. Choi, Jay Pil, 2001. "Protectionist response to import competition in declining industries reconsidered," European Journal of Political Economy, Elsevier, vol. 17(1), pages 193-201, March.
    3. Kubota, Keiko, 2000. "Fiscal constraints, collection costs, and trade policies," Policy Research Working Paper Series 2366, The World Bank.

    More about this item

    Keywords

    Protection; Quotas; Tariff;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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