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Regulation of International Trade in the United States: The Tokyo Round

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  • Clark, Don P

Abstract

A model based on the economic theory of regulation is used to explain the interindustry pattern of tariff protection that emerged from the Tokyo Round. Although tariff reductions were modest and were conducted in large part using a harmonization tariff-cutting formula, evidence reported here suggests that domestic pressure groups were able to exercise influence over post-Tokyo Round tariff levels. Results of this analysis provide support for the Marvel-Ray tariff formation model. Copyright 1987 by the University of Chicago.

Suggested Citation

  • Clark, Don P, 1987. "Regulation of International Trade in the United States: The Tokyo Round," The Journal of Business, University of Chicago Press, vol. 60(2), pages 297-306, April.
    • Handle: RePEc:ucp:jnlbus:v:60:y:1987:i:2:p:297-306
    DOI: 10.1086/296397
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    Cited by:

    1. 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.

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