![]() ![]() legislators appear to have had accurate information on the China Shock, but did not place substantial weight on its adverse consequences. We cannot reject that politicians could predict the initial China Shock in the early 1990's, but not around 2000, when China started entering new sectors, and find a moderate role of constituent interests, compared to ideology. We show how assuming perfect foresight of the shocks biases the role of constituent interests and how standard proxies to modeling politician's expectations bias the estimation. House of Representatives on China's Normal Trade Relations status, we formally test what information politicians had at the time of their decision and consistently estimate the weights that constituent interests, ideology, and other factors had in congressional votes. Employing repeated roll call votes in the U.S. This methodology offers a robust way to test hypotheses about the expectations of politicians at the time of their vote. We apply a moment inequality approach designed to deliver unbiased estimates under weak informational assumptions on the information sets of members of Congress. Canadian Journal of Economics, Volume 45, Issue 2, May 2012, pp. politicians have imperfect information about the extent of China Shock's repercussions in their district at the time when they voted on China's Normal Trade Relations status? Or did they have accurate expectations, yet placed a relatively low weight on the subconstituencies that ended up being adversely affected? Information sets, expectations, and preferences of politicians are fundamental, but unobserved determinants of their policy choices. Matilde Bombardini, Christopher Kurz and Peter Morrow Firm Heterogeneity and Ricardian Trade: the Impact of Domestic Competition on Export Performance. House of Representatives on China's Normal Trade Relations status during the two decades straddling China's WTO accession, we apply a moment inequality approach designed to. Were its consequences unexpected? Did U.S. Information sets, expectations, and preferences of politicians are fundamental, but unobserved determinants of their policy choices. It is now both an internationally litigated issue and the casus belli for a global trade war. the rapid trade integration of China in the early 2000's, has had a profound economic impact across U.S. In the two decades straddling China's WTO accession, the China Shock, i.e. Transportation Economics in the 21st Century.Training Program in Aging and Health Economics. ![]() Hall of Mirrors: Corporate Philanthropy and Strategic Advocacy.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |