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An Overview of the Modeling of the Choices and Consequences of U.S. Trade Policies

In: Globalization And International Trade Policies

Author

Listed:
  • Alan V. Deardorff

    (Department of Economics and Gerald R. Ford School of Public Policy, University of Michigan, USA)

  • Robert M. Stern

    (Department of Economics and Gerald R. Ford School of Public Policy, University of Michigan, USA)

Abstract

The following sections are included:IntroductionIssues of Policy Design and ChoiceThe Normative Approach to Policy MakingThe Political Economy Approach to Policy MakingThe Transaction-Cost Approach to Policy MakingEmpirical EvidenceThe Normative ApproachThe Political Economy ApproachRepresentation of Constituent InterestsStructure of the U.S. Trade-Policy ProcessModeling U.S. Trade PoliciesNormative ApproachPolitical Economy ApproachThe Transaction-Cost ApproachWhat Can Be Learned from the U.S. Trade-Policy Experiences in the Fifty Years Since World War II?Conclusions and Implications for Research and PolicyStudy QuestionsReferencesSuggested Further Reading

Suggested Citation

  • Alan V. Deardorff & Robert M. Stern, 2009. "An Overview of the Modeling of the Choices and Consequences of U.S. Trade Policies," World Scientific Book Chapters, in: Globalization And International Trade Policies, chapter 7, pages 211-248, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812798091_0007
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    More about this item

    Keywords

    Globalization; International Trade; International Finance; Trading Arrangements; WTO;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General

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