Review of Industrial Organization

, Volume 42, Issue 4, pp 449–481 | Cite as

How Different Are Safeguards from Antidumping? Evidence from US Trade Policies Toward Steel

Article

Abstract

Use of temporary trade barriers (TTBs) has proliferated across countries, industries, and even policy instruments. We construct a panel of bilateral, product-level US steel imports that are matched to a unique data set on trade policy exclusions that are associated with the 2002 US steel safeguard in order to compare the trade impacts that result from application of various TTB policies over 1989–2003. We find that the trade effects of an applied safeguard—which is statutorily expected to follow the principle of nondiscriminatory treatment—can nevertheless compare closely to the application of the explicitly discriminatory antidumping policy. Our results on trade policy substitutability complement other recent research on these increasingly important forms of import protection.

Keywords

Safeguards Antidumping Countervailing duties   Temporary trade barriers MFN 

JEL Classification:

F13 

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Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  1. 1.Development Research Group, Trade and International Integration (DECTI)The World BankWashingtonUSA

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