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Partisanship and international trade: Some international evidence

Author

Listed:
  • Chun-Ping Chang

    (Department of Marketing Management, Shih Chien University at Kaohsiung, Taiwan)

  • Chien-Chiang Lee

    (National Sun Yat-sen University, Kaohsiung Department of Finance, 70 Lienhai Rd., Kaohsiung 80424, Taiwan)

Abstract

This paper investigates the attitudes of political parties to international trade in 23 OECD countries in the period 1972–2004. Employing different datasets and various measures of trade openness, we examine how government ideology affects trade policy preferences and whether this relationship depends on international and domestic factors by employing the panel data techniques. Our main findings are that an increase in the leftist orientation of the government leads to more restrictive or less open trade policies, while right-oriented parties are likely to express more favor to trade openness. Secondly, international factors such as globalization in political and social dimension as well as financial openness, have a strong positive influence on a given party’s trade policy preferences. Thirdly, we offer clear evidence that a political party will change its partisan positions due to the influence of the domestic economic and institutional environment.

Suggested Citation

  • Chun-Ping Chang & Chien-Chiang Lee, 2012. "Partisanship and international trade: Some international evidence," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 62(1), pages 41-63, March.
    • Handle: RePEc:aka:aoecon:v:62:y:2012:i:1:p:41-63
    Note: We would like to thank the anonymous reviewers for their helpful comments on the paper and research assistant Shih-Han Yu for the precise summarizing data. The first author is also grateful to the National Science Council of Taiwan for financial support through grant NSC 97-2410-H-158-003.
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    Citations

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    Cited by:

    1. Beckmann, Joscha & Czudaj, Robert, 2017. "Exchange rate expectations and economic policy uncertainty," European Journal of Political Economy, Elsevier, vol. 47(C), pages 148-162.

    More about this item

    Keywords

    trade openness; partisan ideology; panel data; OECD countries;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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