The Value of Administered Protection: A Capital Market Approach
AbstractThe focus of this paper i s on the escape clause petitions filed under the Trade Act of 1974 (Section 201). First, the capital marketevent study method is used to analyze the effects of protection decisions. Then, cross-section regressions are performed to examine the influence of key variables on the observed market reaction. The authors conc lude that while protection is beneficial to beleaguered industries, the extent o f such benefits is quite narrowly circumscribed and is conditional on internal v ariables for each firm. Protection is thus not the panacea that its advocates cl aim. Copyright 1986 by MIT Press.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics & Statistics.
Volume (Year): 68 (1986)
Issue (Month): 4 (November)
Contact details of provider:
Web page: http://mitpress.mit.edu/journals/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Grossman, Gene M & Levinsohn, James A, 1989.
"Import Competition and the Stock Market Return to Capital,"
American Economic Review,
American Economic Association, vol. 79(5), pages 1065-87, December.
- Gene M. Grossman & James A. Levinsohn, 1990. "Import Competition and the Stock Market Return to Capital," NBER Working Papers 2420, National Bureau of Economic Research, Inc.
- Brady, Una & M. Feinberg, Robert, 2000. "An examination of stock-price effects of EU merger control policy," International Journal of Industrial Organization, Elsevier, vol. 18(6), pages 885-900, August.
- Erik Dohlman, 2001. "A new look at the impact of U.S. import barriers on corporate profit expectations," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 137(4), pages 666-689, December.
- Basyah, Mohammad & Hartigan, James C., 2007. "Analyst earnings forecast revisions and the persistence of antidumping relief," International Review of Economics & Finance, Elsevier, vol. 16(3), pages 383-399.
- Melvin, Michael & Sun, Qian, 1997. "U.S. protectionist policy and stock prices of U.S. import-competing and Korean and Taiwanese export-oriented firms," Pacific-Basin Finance Journal, Elsevier, vol. 5(1), pages 25-38, February.
- Bruce Blonigen & KaSaundra Tomlin & Wesley Wilson, 2004.
"Tariff-jumping FDI and domestic firms' profits,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 37(3), pages 656-677, August.
- Bruce A. Blonigen & KaSaundra Tomlin & Wesley W. Wilson, 2002. "Tariff-jumping FDI and Domestic Firms’ Profits," University of Oregon Economics Department Working Papers 2003-23, University of Oregon Economics Department, revised 01 Jun 2002.
- Bruce A. Blonigen & KaSaundra Tomlin & Wesley W. Wilson, 2001. "Tariff-jumping FDI and Domestic Firms’ Profits," University of Oregon Economics Department Working Papers 2002-5, University of Oregon Economics Department, revised 01 Jun 2002.
- Bruce A. Blonigen & KaSaundra Tomlin & Wesley W. Wilson, 2002. "Tariff-jumping FDI and Domestic Firms' Profits," NBER Working Papers 9027, National Bureau of Economic Research, Inc.
- Benjamin H. Liebman & Kara M. Reynolds, 2009. "Innovation Through Protection: Does Safeguard Protection Increase Investment in R and D?," Working Papers 2009-18, American University, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karie Kirkpatrick).
If references are entirely missing, you can add them using this form.