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Political Accountability And Its Influence On Trade Liberalization

Author

Listed:
  • Jongmin Lee

    (Kangwon National University)

Abstract

A country's trade policy is determined through the process of political competition among various domestic interest groups. This in turn is influenced by the polity. Insufficient attention to the role of the polity in determining trade policy is a motive for this work. This paper investigates the impacts of the political accountability as an important aspect of democracy on the level of tariffs and on the international cooperation associated with trade liberalization. It is shown that an increase in the political accountability in a democracy lowers the level of tariff determined through the political process. Furthermore, the paper shows that the poloicy-maker's responsiveness to the will of the society of large facilities more cooperative equilibrium outcome in the international negotiating environment.

Suggested Citation

  • Jongmin Lee, 2004. "Political Accountability And Its Influence On Trade Liberalization," Korean Economic Review, Korean Economic Association, vol. 20, pages 305-322.
    • Handle: RePEc:kea:keappr:ker-20041231-20-2-06
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    More about this item

    Keywords

    Political accoutability; political economy tariff; trade liberalization;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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