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Votes and Vetoes: The Political Determinants of Commercial Openness

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Author Info
Witold J. Henisz ()
Edward D. Mansfield ()

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Abstract

Societal theories of trade policy stress the importance of domestic interest groups, whereas statist theories focus on the effects of domestic institutions. Debates over the relative merits of these approaches have been fierce, but little systematic empirical research has been brought to bear on the relative merits of these theories. In this paper, we argue that, while societal and statist factors are generally regarded as having independent and competing effects, it is more fruitful to view the influence of each type of factor as conditional on the other. As societal explanations contend, deteriorating macroeconomic conditions are a potent source of protectionist pressures. The extent to which such conditions reduce commercial openness, however, depends centrally on the domestic institutions through which societal pressures must filter to influence policy. Two institutional features stand out. First, in states marked by greater fragmentation and more “veto points,” it is harder to change existing policies because any number of actors can block such change. Consequently, we expect the effects of macroeconomic conditions on trade policy to be weaker in fragmented states than in those characterized by a highly centralized national government. Second, we expect both fragmentation and the societal pressures stemming from the economy to have a more potent impact on trade policy in democracies than in other regimes, since the electoral constraints facing democratic leaders force them to respond to demands made by key segments of society. The results of our statistical tests covering more than one hundred countries during the period from 1980 to 2000 strongly support these arguments.

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Paper provided by William Davidson Institute at the University of Michigan Stephen M. Ross Business School in its series William Davidson Institute Working Papers Series with number 2004-712.

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Length: 35 pages
Date of creation: 01 Jul 2004
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Handle: RePEc:wdi:papers:2004-712

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Related research
Keywords: Protectionism openness veto players veto points positive political theory unemployment trade

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Find related papers by JEL classification:
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy

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    Other versions:
  3. McCubbins, Mathew D & Noll, Roger G & Weingast, Barry R, 1987. "Administrative Procedures as Instruments of Political Control," Journal of Law, Economics and Organization, Oxford University Press, vol. 3(2), pages 243-77, Fall.
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  5. Bradford, Scott, 2006. "Protection and unemployment," Journal of International Economics, Elsevier, vol. 69(2), pages 257-271, July. [Downloadable!] (restricted)
  6. Caselli, Francesco & Esquivel, Gerardo & Lefort, Fernando, 1996. " Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Journal of Economic Growth, Springer, vol. 1(3), pages 363-89, September.
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  8. Cline, William R, 1989. "Macroeconomic Influences on Trade Policy," American Economic Review, American Economic Association, vol. 79(2), pages 123-27, May. [Downloadable!] (restricted)
  9. Mansfield, Edward D & Busch, Marc L, 1995. "The Political Economy of Nontariff Barriers: A Cross-National Analysis," International Organization, MIT Press, vol. 49(4), pages 723-49, Autumn.
  10. Witold Jerzy Henisz, 2004. "Political Institutions and Policy Volatility," Economics and Politics, Blackwell Publishing, vol. 16(1), pages 1-27, 03. [Downloadable!] (restricted)
  11. Kevin O'Rourke & Jeffrey Williamson, 2001. "Globalization and History," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650592, December.
  12. W. J. Henisz, 2000. "The Institutional Environment for Economic Growth," Economics and Politics, Blackwell Publishing, vol. 12(1), pages 1-31, 03. [Downloadable!] (restricted)
  13. Arvind Subramanian & Shang-Jin Wei, 2003. "The WTO Promotes Trade, Strongly but Unevenly," IMF Working Papers 03/185, International Monetary Fund. [Downloadable!]
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  14. Rose, Andrew K, 2004. "Does the WTO Make Trade More Stable?," CEPR Discussion Papers 4246, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  15. Edward D. Mansfield & Helen V. Milner & B. Peter Rosendorff, 2002. "Why Democracies Cooperate More: Electoral Control and International Trade Agreements," International Organization, MIT Press, vol. 56(3), pages 477-513, August. [Downloadable!] (restricted)
  16. Beck, Thorsten & Clarke, George & Groff, Alberto & Keefer, Philip & Walsh, Patrick, 2000. "New tools and new tests in comparative political economy - the database of political institutions," Policy Research Working Paper Series 2283, The World Bank. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Witold Henisz, 2004. "The Political Economy of Trans-Pacific Business Linkages," Business and Politics, Berkeley Electronic Press, vol. 6(1), pages 1083-1083. [Downloadable!] (restricted)
  2. Vatcharin Sirimaneetham, 2006. "What drives liberal policies in developing countries?," Bristol Economics Discussion Papers 06/587, Department of Economics, University of Bristol, UK. [Downloadable!]
  3. Scott Gehlbach & Konstantin Sonin, 2004. "Businessman Candidates: Special-Interest Politics in Weakly Institutionalized Environments," William Davidson Institute Working Papers Series wp733, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    Other versions:
  4. Aghassi Mkrtchyan, 2004. "Impact Of Regulated Price Adjustments On Price Variability In A Very Low Inflation Transition Economy: Case Of Armenia," William Davidson Institute Working Papers Series wp731, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
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