Why "buy American" is a bad idea but politicians still like it:
When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including "Buy local" clauses into th...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Munich
CESifo
2010
|
| Series: | CESifo working papers
3207 : Category 6, Fiscal policiy, macroeconomics and growth |
| Links: | http://www.cesifo-group.de/portal/pls/portal/docs/1/1185216.PDF |
| Summary: | When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including "Buy local" clauses into the stimulus package. By analyzing the dynamics of transitory changes of trade barriers as a short-run response to an economic downturn, we show that beggar-thy-neighbor policies do not work. We then come up with two rationales that help to understand why countries nevertheless consider protectionism to be a good response to a recession: (i) the lobbying of domestic, non-exporting firms, and (ii) the relationship between vulnerability, the degree of openness and loss aversion of consumers. |
| Item Description: | Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp. - Literaturangaben |
| Physical Description: | 21, A 15 S. graph. Darst. |
Staff View
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV036807012 | ||
| 003 | DE-604 | ||
| 005 | 20110105 | ||
| 007 | t| | ||
| 008 | 101201s2010 xx d||| |||| 00||| eng d | ||
| 016 | 7 | |a 1008599794 |2 DE-101 | |
| 035 | |a (OCoLC)690913422 | ||
| 035 | |a (DE-599)DNB1008599794 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-706 |a DE-521 |a DE-19 |a DE-12 |a DE-355 | ||
| 084 | |a QB 910 |0 (DE-625)141231: |2 rvk | ||
| 084 | |a 380 |2 sdnb | ||
| 100 | 1 | |a Larch, Mario |e Verfasser |0 (DE-588)133851540 |4 aut | |
| 245 | 1 | 0 | |a Why "buy American" is a bad idea but politicians still like it |c Mario Larch ; Wolfgang Lechthaler |
| 264 | 1 | |a Munich |b CESifo |c 2010 | |
| 300 | |a 21, A 15 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a CESifo working papers |v 3207 : Category 6, Fiscal policiy, macroeconomics and growth | |
| 500 | |a Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp. - Literaturangaben | ||
| 520 | 8 | |a When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including "Buy local" clauses into the stimulus package. By analyzing the dynamics of transitory changes of trade barriers as a short-run response to an economic downturn, we show that beggar-thy-neighbor policies do not work. We then come up with two rationales that help to understand why countries nevertheless consider protectionism to be a good response to a recession: (i) the lobbying of domestic, non-exporting firms, and (ii) the relationship between vulnerability, the degree of openness and loss aversion of consumers. | |
| 700 | 1 | |a Lechthaler, Wolfgang |d 1973- |e Verfasser |0 (DE-588)137544499 |4 aut | |
| 830 | 0 | |a CESifo working papers |v 3207 : Category 6, Fiscal policiy, macroeconomics and growth |w (DE-604)BV013978326 |9 3207 | |
| 856 | 4 | 1 | |u http://www.cesifo-group.de/portal/pls/portal/docs/1/1185216.PDF |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ebook | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-020723081 | |
Record in the Search Index
| _version_ | 1818970819047456768 |
|---|---|
| any_adam_object | |
| author | Larch, Mario Lechthaler, Wolfgang 1973- |
| author_GND | (DE-588)133851540 (DE-588)137544499 |
| author_facet | Larch, Mario Lechthaler, Wolfgang 1973- |
| author_role | aut aut |
| author_sort | Larch, Mario |
| author_variant | m l ml w l wl |
| building | Verbundindex |
| bvnumber | BV036807012 |
| classification_rvk | QB 910 |
| collection | ebook |
| ctrlnum | (OCoLC)690913422 (DE-599)DNB1008599794 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02218nam a2200361 cb4500</leader><controlfield tag="001">BV036807012</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20110105 </controlfield><controlfield tag="007">t|</controlfield><controlfield tag="008">101201s2010 xx d||| |||| 00||| eng d</controlfield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">1008599794</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)690913422</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)DNB1008599794</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-706</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-355</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QB 910</subfield><subfield code="0">(DE-625)141231:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">380</subfield><subfield code="2">sdnb</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Larch, Mario</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)133851540</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Why "buy American" is a bad idea but politicians still like it</subfield><subfield code="c">Mario Larch ; Wolfgang Lechthaler</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Munich</subfield><subfield code="b">CESifo</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">21, A 15 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">CESifo working papers</subfield><subfield code="v">3207 : Category 6, Fiscal policiy, macroeconomics and growth</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp. - Literaturangaben</subfield></datafield><datafield tag="520" ind1="8" ind2=" "><subfield code="a">When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including "Buy local" clauses into the stimulus package. By analyzing the dynamics of transitory changes of trade barriers as a short-run response to an economic downturn, we show that beggar-thy-neighbor policies do not work. We then come up with two rationales that help to understand why countries nevertheless consider protectionism to be a good response to a recession: (i) the lobbying of domestic, non-exporting firms, and (ii) the relationship between vulnerability, the degree of openness and loss aversion of consumers.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Lechthaler, Wolfgang</subfield><subfield code="d">1973-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)137544499</subfield><subfield code="4">aut</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">CESifo working papers</subfield><subfield code="v">3207 : Category 6, Fiscal policiy, macroeconomics and growth</subfield><subfield code="w">(DE-604)BV013978326</subfield><subfield code="9">3207</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://www.cesifo-group.de/portal/pls/portal/docs/1/1185216.PDF</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ebook</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-020723081</subfield></datafield></record></collection> |
| id | DE-604.BV036807012 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T14:42:32Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-020723081 |
| oclc_num | 690913422 |
| open_access_boolean | 1 |
| owner | DE-706 DE-521 DE-19 DE-BY-UBM DE-12 DE-355 DE-BY-UBR |
| owner_facet | DE-706 DE-521 DE-19 DE-BY-UBM DE-12 DE-355 DE-BY-UBR |
| physical | 21, A 15 S. graph. Darst. |
| psigel | ebook |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | CESifo |
| record_format | marc |
| series | CESifo working papers |
| series2 | CESifo working papers |
| spelling | Larch, Mario Verfasser (DE-588)133851540 aut Why "buy American" is a bad idea but politicians still like it Mario Larch ; Wolfgang Lechthaler Munich CESifo 2010 21, A 15 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier CESifo working papers 3207 : Category 6, Fiscal policiy, macroeconomics and growth Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp. - Literaturangaben When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including "Buy local" clauses into the stimulus package. By analyzing the dynamics of transitory changes of trade barriers as a short-run response to an economic downturn, we show that beggar-thy-neighbor policies do not work. We then come up with two rationales that help to understand why countries nevertheless consider protectionism to be a good response to a recession: (i) the lobbying of domestic, non-exporting firms, and (ii) the relationship between vulnerability, the degree of openness and loss aversion of consumers. Lechthaler, Wolfgang 1973- Verfasser (DE-588)137544499 aut CESifo working papers 3207 : Category 6, Fiscal policiy, macroeconomics and growth (DE-604)BV013978326 3207 http://www.cesifo-group.de/portal/pls/portal/docs/1/1185216.PDF Verlag kostenfrei Volltext |
| spellingShingle | Larch, Mario Lechthaler, Wolfgang 1973- Why "buy American" is a bad idea but politicians still like it CESifo working papers |
| title | Why "buy American" is a bad idea but politicians still like it |
| title_auth | Why "buy American" is a bad idea but politicians still like it |
| title_exact_search | Why "buy American" is a bad idea but politicians still like it |
| title_full | Why "buy American" is a bad idea but politicians still like it Mario Larch ; Wolfgang Lechthaler |
| title_fullStr | Why "buy American" is a bad idea but politicians still like it Mario Larch ; Wolfgang Lechthaler |
| title_full_unstemmed | Why "buy American" is a bad idea but politicians still like it Mario Larch ; Wolfgang Lechthaler |
| title_short | Why "buy American" is a bad idea but politicians still like it |
| title_sort | why buy american is a bad idea but politicians still like it |
| url | http://www.cesifo-group.de/portal/pls/portal/docs/1/1185216.PDF |
| volume_link | (DE-604)BV013978326 |
| work_keys_str_mv | AT larchmario whybuyamericanisabadideabutpoliticiansstilllikeit AT lechthalerwolfgang whybuyamericanisabadideabutpoliticiansstilllikeit |