Economics Dictionary of ArgumentsHome
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| Strategic trade policy: Strategic trade policy involves government actions to support domestic firms in industries with significant international competition and market power. By using tools like subsidies or tariffs, governments aim to shift profits from foreign to domestic firms, enhancing national welfare—especially in sectors with economies of scale or first-mover advantages. See also trade policies, International trade, Tariffs, Optimal tariffs._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Alasdair Smith on Strategic Trade Policy - Dictionary of Arguments
Krugman III 68 Strategic Trade Policy/Alasdair Smith: I investigate whether the nature of the strategic policy effects are sensitive to the specification of the model, and find that they are, and whether strategic policy effects are strong enough to overturn “conventional” wisdom about the welfare effects of trade policy, and find that they are not. >Trade policies, >International trade, >Models, >Economic models, >Model theory, >Sensitivity analysis, >New trade theory. Krugman III 80 Even leaving aside the issue of sensitivity, the results presented here cast doubt on the case for strategic trade policy. The effects on increased competition among “home” firms may wipe out the expected benefits of a strengthened strategic position in competition with “foreign” firms. In a many-country world with multilateral trade flows, the beneficiary of one country’s strategic trade policy may be another country’s producer. Finally, in the cases discussed in this paper, the “strategic” effects of trade policy are greatly outweighed by more traditional effects. Alasdair Smith. „Strategic Trade Policy in the European Car Market.“ In: Paul Krugman and Alasdair Smith (Eds.) 1994. Empirical Studies of Strategic Trade Policy. Chicago: The University of Chicago Press._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSmith I Adam Smith The Theory of Moral Sentiments London 2010 EconSmithV I Vernon L. Smith Rationality in Economics: Constructivist and Ecological Forms Cambridge 2009 EconKrug I Paul Krugman Volkswirtschaftslehre Stuttgart 2017 EconKrug II Paul Krugman Robin Wells Microeconomics New York 2014 Krugman III Paul Krugman Alasdair Smith Empirical Studies of Strategic Trade Policy Chicago: The University of Chicago Press 1994 |
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