A reversal in the historical role of tariffs in economic growth? The cases of Brazil and Portugal

Mata, Eugénia; Love, Joseph L.

doi:10.1590/s0101-41612008000300002

Cited by 3 publications

(2 citation statements)

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“…Building their own econometric model, the authors referred, among others, to the econometric model used by Clemens and Williamson (2002), also implemented by Mata and Love (2008), in which data on the length of railway lines was used as a symbol of physical capital. The econometric model used by the authors in its original form contained a dozen or so variables describing the state of the railway infrastructure, human capital, production potential, including: employment in agriculture, industrial production value, export and import value, banking sector i , as well as the time variable t, in accordance with the symbolic notation (Hozer and Zawadzki, 1990):…”

Section: Applied Methodsmentioning

confidence: 99%

Analysis of the Interdependence between the Economic Growth and the Development of the Railway Sector

Myszczyszyn¹,

Mickiewicz²

2020

ERSJ

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Purpose: The authors directly formulated the 'research hypothesis' as the interdependence between economic growth and the volume of rail freight. It is a very valid question of primary importance not only to economic historians, but also to development economists. Approach/Methodology/Design: Econometric modelling was used to set out the factors of Germany's economic growth between 1872 and 1913, with a particular focus on the importance of railways. While analysing many determinants of German economic growth, the authors also took into account the t time variable, which made possible the practical application of the theorem by Frisch-Waugh with the generalization of Stone. Findings: Considering these results, it can be confirmed that the railways, being a symbol of the era, and also a leading sector of the German economy, however, played an important role in shaping the modern economy and multiplying Germany's social well-being. It can be considered as one of the causes of economic growth. On the other hand, the high economic growth rate of the German Reich was an important factor determining the development of transport. The obtained results are the basis for the construction of vector-autoregressive models (VAR) including the error correction model (ECM) and long-term relationship research. Practical Implications: A systematic, quantitative inquiry on the impact of railway expansion on economic growth would most likely contribute not only to better understanding of economic history but could also shed light on the foundations of the recent monetary theory. Originality/Value: Considering the importance of transport for the economy, it is particularly important to examine whether the development of transport had an impact on the level of economic growth, and whether economic growth led to the development of the transport industry, and perhaps was bidirectional relationships.

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Section: Applied Methodsmentioning

confidence: 99%

Analysis of the Interdependence between the Economic Growth and the Development of the Railway Sector

Myszczyszyn¹,

Mickiewicz²

2020

ERSJ

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“…1 Assumptions and results for the GDP level model and GDP dynamics are included, among others in the author's work: Mata (2008); Myszczyszyn (2013Myszczyszyn ( , 2016. Yt -GDP of Germany (1879Germany ( -1910, Xi,t -selected explanatory variables characterizing German economy, ßi -structural parameters, ß0 -constant term, ln -natural logarithm, ε -random component.…”

Section: Statistical Analysis -Gdp Level Modelmentioning

confidence: 99%

Analysis of the Influence of the Protestant Religion on the Economic Growth of German Reich (1879–1910)

Myszczyszyn¹

2019

Folia Pomer. Univ. Technol. Stetin., Oeconomica

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Despite many previous studies, the author has applied econometric analysis to verify the validity of the Weber's thesis on the positive impact of the Protestant religion on economic growth presented in "The Protestant Ethics and the Spirit of Capitalism". To this end, gross GDP of German Reich in 1879-1910 was analyzed. According to the results of multiple regression analysis (least-square method), the Protestant religion, in addition to the level of emigration and the percentage of people working in agriculture, played a significant part in the creation of social welfare (the gross domestic product GDP) in Germany. However, it is a negative dependence as the increase in the number of Protestants by 1% led to a decline in GDP growth of Germany by 6.146% and thus the hypothesis was not supported. The determination coefficient was 33.13%, which only proves that there were other factors that influenced the social welfare of Germany which were not included in the model. A surprising finding was the lack of relevance of the variable of the percentage of pupils and students.

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Tariff effects on industrial performance: symmetric and asymmetric evidence from Nigeria

Ojike,

Ikpe,

Odionye

et al. 2024

AJEMS

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PurposeDespite the government’s efforts to protect domestic industries from foreign competition through tariffs, the industrial sector’s contribution to GDP continued to decline in Nigeria. Based on the scenario, this study assessed the symmetric and asymmetric effects of tariffs on industrial performance in Nigeria for the period 1988–2021. Tariff was captured with a tariff rate applied to the weighted mean of all products, while industry value added as a percent of GDP was used as a proxy for industrial performance.Design/methodology/approachLinear and nonlinear ARDL techniques were used for the analysis.FindingsThe symmetric (linear ARDL) results revealed that tariffs have a significant positive effect on industrial performance in both the short and long term. The asymmetric (nonlinear ARDL) results showed that a long-term asymmetry exists between tariffs and industrial performance. It revealed positive effects on industrial performance for both positive and negative tariff changes, with the negative change having a greater impact.Practical implicationsGenerally, the results showed that the use of tariffs to protect domestic industries in Nigeria promotes industrial performance. The implication is that the declining contribution of the industrial sector to GDP in Nigeria is not a result of the tariff policy. It shows that the government should look beyond tariff policy to enhance the industrial contribution to GDP.Originality/valueNigeria should exercise caution in using tariff policies to protect domestic industries to avoid retaliation from their trade partners that could reverse the positive impacts.

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A reversal in the historical role of tariffs in economic growth? The cases of Brazil and Portugal

Abstract: ResumoEste artigo discute o papel comparativo do protecionismo sobre o crescimento econômico brasileiro e português no período

Cited by 3 publications

References 14 publications

Analysis of the Interdependence between the Economic Growth and the Development of the Railway Sector

Analysis of the Interdependence between the Economic Growth and the Development of the Railway Sector

Analysis of the Influence of the Protestant Religion on the Economic Growth of German Reich (1879–1910)

Tariff effects on industrial performance: symmetric and asymmetric evidence from Nigeria

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