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Comparing Theories Of Endogenous Protection: Bayesian Comparison Of Tobit Models Using Gibbs Sampling Output

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  • Kishore Gawande

Abstract

Bayesian inference and model comparisons are easily performed quite accurately using Gibbs sampling, even if (1) the likelihood is analytically intractable and (2) nonstandard prior probability density functions (pdfs) are required. In this study Bayesian model comparisons are performed among five competing theories of endogenous protection. Tariff and nontariff barrier data from 1983 between the United States and five OECD partner countries--Japan, France, Germany, Italy, and the United Kingdom--are used in the analysis. Posterior odds based on two priors show special-interest models to be more likely than other models in determining U.S. protection. © 1998 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology

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  • Kishore Gawande, 1998. "Comparing Theories Of Endogenous Protection: Bayesian Comparison Of Tobit Models Using Gibbs Sampling Output," The Review of Economics and Statistics, MIT Press, vol. 80(1), pages 128-140, February.
    • Handle: RePEc:tpr:restat:v:80:y:1998:i:1:p:128-140
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    Cited by:

    1. Francois, Joseph & Nelson, Douglas R., 2014. "Political support for trade policy in the European Union," European Journal of Political Economy, Elsevier, vol. 36(C), pages 243-253.
    2. Theo S Eicher & Thomas Osang, 2000. "Politics and Trade Policy: An Empirical Investigation"," Working Papers 0004, University of Washington, Department of Economics.
    3. Kishore Gawande & Pravin Krishna & Michael J. Robbins, 2006. "Foreign Lobbies and U.S. Trade Policy," The Review of Economics and Statistics, MIT Press, vol. 88(3), pages 563-571, August.
    4. Marianna Belloc & Ugo Pagano, 2008. "Politics-Business Interaction Paths," Working Papers in Public Economics 109, University of Rome La Sapienza, Department of Economics and Law.
    5. Marianna Belloc, 2007. "Protection for Sale in the EU," Working Papers in Public Economics 100, University of Rome La Sapienza, Department of Economics and Law.
    6. Scott Bradford, 2000. "Rents, Votes, and Protection: Explaining the Structure of Trade Barriers Across Industries," Econometric Society World Congress 2000 Contributed Papers 1717, Econometric Society.
    7. Alexandr Knobel, 2010. "Factors of important Tariff Information," Research Paper Series, Gaidar Institute for Economic Policy, issue 143P.
    8. Mirabelle Muûls & Dimitra Petropoulou, 2013. "A swing state theory of trade protection in the Electoral College," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(2), pages 705-724, May.
    9. Marianna Belloc, 2014. "Neo-Protectionism and the European Lobbies," CESifo Working Paper Series 4832, CESifo.
    10. Imai, Susumu & Katayama, Hajime & Krishna, Kala, 2009. "Is protection really for sale? A survey and directions for future research," International Review of Economics & Finance, Elsevier, vol. 18(2), pages 181-191, March.
    11. Bohara, Alok K. & Camargo, Alejandro Islas & Grijalva, Therese & Gawande, Kishore, 2005. "Fundamental dimensions of U.S. trade policy," Journal of International Economics, Elsevier, vol. 65(1), pages 93-125, January.
    12. Knobel, A., 2011. "Inter-industry Import Tariff Differences in Russia," Journal of the New Economic Association, New Economic Association, issue 11, pages 64-84.
    13. Belloc, Marianna, 2015. "Information for sale in the European Union," Journal of Economic Behavior & Organization, Elsevier, vol. 120(C), pages 130-144.
    14. Theo Eicher & Thomas Osang, 2002. "Protection for Sale: An Empirical Investigation: Comment," American Economic Review, American Economic Association, vol. 92(5), pages 1702-1710, December.
    15. Imai, Susumu & Katayama, Hajime & Krishna, Kala, 2009. "Protection for sale or surge protection?," European Economic Review, Elsevier, vol. 53(6), pages 675-688, August.
    16. Baybars Karacaovali, 2011. "Trade Policy Determinants and Trade Reform in a Developing Country," Fordham Economics Discussion Paper Series dp2011-03, Fordham University, Department of Economics.
    17. Bradford, Scott, 2003. "Protection and jobs: explaining the structure of trade barriers across industries," Journal of International Economics, Elsevier, vol. 61(1), pages 19-39, October.
    18. C. Charles Okeahalam, 2006. "Production Efficiency in the South African Banking Sector: A Stochastic Analysis," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(1), pages 103-123.
    19. Don P. Clark & Donald Bruce, 2006. "Who Bears The Burden Of U.S. Nontariff Measures?," Contemporary Economic Policy, Western Economic Association International, vol. 24(2), pages 274-286, April.
    20. Baybars Karacaovali, 2012. "Trade Policy Determinants and Trade Reform in a Developing Country: The Case of Colombia," Working Papers 201220R, University of Hawaii at Manoa, Department of Economics.
    21. kishore gawande & pravin krishna, 2005. "The Political Economy of Trade Policy: Empirical Approaches," International Trade 0503003, University Library of Munich, Germany.
    22. Eugene Beaulieu & Christopher Magee, 2004. "Four Simple Tests of Campaign Contributions and Trade Policy Preferences," Economics and Politics, Wiley Blackwell, vol. 16(2), pages 163-187, July.

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