Protectionist Responses to the Crisis : Damage Observed in Product-Level Trade »
Journal Issue
Volume/Issue: 2011/139
Series: IMF Working Papers
Author(s): Brad McDonald , and Christian Henn
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
DOI: http://dx.doi.org/10.5089/9781455265442.001
ISBN: 9781455265442
Keywords: Global Crisis, First-differenced Gravity Equation, Time-varying Fixed Effects, WTO, trade impact, import restrictions, trade flows, global trade, world trade, Trade: General
This paper investigates how trade flows are being affected by new discriminatory measures implemented during the global financial crisis. We match data on behind-the-border measures (e.g., bailouts and subsidies) a...