| Description |
1 online resource (48 pages) : color illustrations |
| Series |
IMF working paper ; WP/10/211 |
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IMF working paper ; WP/10/211.
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| Contents |
2. Suspensions and Lobbying: Simple CorrelationsA. Empirical Strategy; B. OLS benchmark results; 3. Suspensions and Lobbying: Ordinary Least Square; C. IV results; 4. Suspensions and Lobbying: Instrumental Variables Regressions; 5. Suspensions and Lobbying: First Stage Instrumental Variables Regressions .; D. Robustness checks: broader measures of political organization; 6. Suspensions and Lobbying: Broad Measure of Organization I (including campaign contributions by Political Action Committees) |
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7. Suspensions and Lobbying: Broad Measure of Organization II (including in past and future Congresses)VI. Conclusions; VII. References; Appendixes; Appendix; A: The lobbying Model with Contributions; B: A Model of Vertical Production with Wage Rigidity; Table; B1. List of Issues; Figure; B1. Sample Bill Report; B2. Sample Lobbying Report -- 3M Company |
| Summary |
This paper studies the political influence of individual firms on Congressional decisions to suspend tariffs on U.S. imports of intermediate goods. We develop a model in which firms influence the government by transmitting information about the value of protection, via costless messages (cheap-talk) and costly messages (lobbying). We estimate our model using firm-level data on tariff suspension bills and lobbying expenditures from 1999-2006, and find that indeed verbal opposition by import-competing firms, with no lobbying, significantly reduces the probability of a suspension being granted. In addition, lobbying expenditures by proponent and opponent firms sway this probability in opposite directions |
| Bibliography |
Includes bibliographical references |
| Notes |
Print version record |
| Subject |
Tariff -- United States.
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Protectionism -- United States
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Protectionism
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Tariff
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United States
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| Form |
Electronic book
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| Author |
Mayda, Anna Maria, author.
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Mishra, Prachi, 1975- author.
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International Monetary Fund. Research Department, issuing body.
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| ISBN |
1283570033 |
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9781283570039 |
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9781455288922 |
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1455288926 |
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