The Smoot-Hawley tariff: a quantitative assessment
Article Abstract:
The implementation of the Smoot-Hawley tariff played a vital role in the decline in US imports by more than 40%, two years after its imposition in June 1930. Partial and general equilibrium assessments revealed that the decline in imports by 4-8% can be attributed to the Smoot-Hawley tariff. It was shown that the imposition of the tariff indirectly resulted to a 5-6% rise in import price as import duties rose to about 20% on average.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Analysis of transition data by the minimum-chi-sqaure method: an application to welfare spells in Belgium
Article Abstract:
An empirical application of the study of transition data using the minimum-chi-square method showed that turnover in the welfare system in Belgium is extremely high. The study revealed that median duration is 4.5 months for men and 7 months for women, however these numbers exaggerate turnover as exits out of welfare cover those as a result of recipients going to another municipality while still on welfare.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Regional measures of capacity utilization in the 1980s
Article Abstract:
A neoclassical method to appraise capacity utilization (CU) in the manufacturing sector by state showed that states in the West North Central, South Atlantic and Pacific census units are inclined to possess a CU index steadily above the US' average. While states in the East North Central and West South Central census divisions are inclined to possess a CU index below the country's average.
Publication Name: Review of Economics and Statistics
Subject: Mathematics
ISSN: 0034-6535
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: ARIMA models of the price level: an assessment of the multilevel adaptive learning process in the USA. A BVAR model for the Connecticut economy
- Abstracts: The cost of environmental protection. Purchasing power parity tests in cointegrated panels
- Abstracts: Market selection and survival of investment strategies. Limits to arbitrage when market participation is restricted
- Abstracts: Does school quality matter? Evidence from the national longitudinal survey of youth. Do school resources matter only for older workers?
- Abstracts: The anchor and adjustment heuristic in time-series forecasting. Modifying quantitative forecasts of livestock production using expert judgements: an application to the Australian lamb industry