Undeflected pressure? The protectionist effect of political partisanship on US antidumping policy

Aquilante, Tommaso

doi:10.1016/j.ejpoleco.2018.04.006

Cited by 7 publications

(7 citation statements)

References 45 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This proxy is used to describe the level of independence of commissioners, by including independent commissioners in the board's composition, in a company. The effectiveness of the board of commissioners in balancing the CEO's authority is highly influenced by their level of independency (Luthan et al, 2016;Parinandi & Hitt, 2018;Han et al, 2018;Aquilante, 2018).…”

Section: Discussionmentioning

confidence: 99%

The Role of Ownership in Increasing Firm Value of Manufacturing Industry in Indonesia

Handriani¹

2020

j. Organisasi dan manaj.

View full text Add to dashboard Cite

This study examines the effect of the independent commissioner’s composition, audit committee, firm size, and profitability toward the value of manufacturing companies listed in the Indonesia Stock Exchange. The population of this research is manufacturing companies listed in the Indonesia Stock Exchange (IDX) from 2013-2015 that reported a complete annual report and published in the Indonesian Capital Market Directory. Researchers used a purposive sampling method and employed 208 companies as samples, and data processing in the study used multiple linear regression. Findings. This study find that the independent commissioner’s composition and Audit Committee has no significant effect on firm value. Finding also shows that firm size and profitability has a positive significant effect on firm value. Based on those findings, investors have to use financial information, especially financial reports, as information for long-term investment decisions. The finding may be useful for the listed companies in Indonesia Stock Exchange since they must know their size and profitability, and those variables are important to enhance their value.

show abstract

Section: Discussionmentioning

confidence: 99%

The Role of Ownership in Increasing Firm Value of Manufacturing Industry in Indonesia

Handriani¹

2020

j. Organisasi dan manaj.

View full text Add to dashboard Cite

show abstract

“…Hansen and Prusa (1997) find that industries linked to members of the House of Representatives Ways and Means Committee are more likely to receive protection. Aquilante (2018) finds that ITC commissioners are more likely to vote in line with the interests of the members of the Finance committee who belong to the same party that has appointed them. These studies suggest that the Finance and Ways and Means committees can influence AD decisions through different channels, e.g.…”

Section: Supply Of Protection: the Swing Industry Variablementioning

confidence: 99%

Trade Policy and the China Syndrome

Trimarchi

2020

SSRN Journal

View full text Add to dashboard Cite

The recent backlash against free trade is partially motivated by the decline in manufacturing employment due to rising import competition from China. Previous studies about the "China syndrome" neglect the role of trade policy. This is surprising, given that politicians in highincome countries have extensively used antidumping (AD) measures to protect their economies from rising Chinese imports. In this paper, I estimate the causal effect of trade protection on imports and employment, by constructing a new instrument for AD measures based on industries' importance in swing states and experience in filing AD petitions. I show that AD duties have reduced import competition, decreasing the annual growth rate of US imports from China by 0.40 percentage points on average. They have also helped contain the China syndrome, by increasing the annual growth rate of employment in protected industries by 0.07 percentage points. These results show that protectionist instruments allowed under GATT/WTO rules can be used to attenuate the effects of import competition on employment.

show abstract

“…Blonigen and Park, 2004;Blonigen, 2006) and domestic political factors (e.g. Moore, 1992;Hansen and Prusa, 1997;Aquilante, 2018).…”

Section: Related Literaturementioning

confidence: 99%

“…Hansen and Prusa (1997) show that the ITC is more likely to support petitions filed by industries with representatives in the Ways and Means committee. Aquilante (2018) emphasizes the role of party politics, showing that ITC commissioners appointed by the Democratic (Republican) party are more likely to vote in favor of AD when the petitioning industry is key (in terms of employment) in the states represented by Democratic (Republican) senators in the Finance committee.…”

Section: Swing Itmentioning

confidence: 99%

See 1 more Smart Citation

Trade Protection Along Supply Chains

et al. 2020

View full text Add to dashboard Cite

During the last decades, the United States has applied increasingly high trade protection against China. We combine detailed information on US antidumping (AD) duties-the most widely used trade barrier -with US input-output data to study the effects of trade protection along supply chains. To deal with endogeneity concerns, we propose a new instrument for AD protection, which combines exogenous variation in the political importance of industries with their historical experience in AD proceedings. We find that tariffs have large negative effects on downstream industries, decreasing employment, wages, sales, and investment. Our baseline estimates for 1988-2016 indicate that, due to AD protection against China, around 1.8 million US jobs were lost in downstream industries, with no significant job gains in protected sectors. When we extend the analysis to measures introduced under President Trump, we find that around 500,000 jobs were lost during the first two years of his term. We also provide evidence of the mechanisms behind the negative effects of protection along supply chains: AD duties decrease imports and raise production costs for downstream industries.

show abstract

Undeflected pressure? The protectionist effect of political partisanship on US antidumping policy

Cited by 7 publications

References 45 publications

The Role of Ownership in Increasing Firm Value of Manufacturing Industry in Indonesia

The Role of Ownership in Increasing Firm Value of Manufacturing Industry in Indonesia

Trade Policy and the China Syndrome

Trade Protection Along Supply Chains

Contact Info

Product

Resources

About