PROTECTIONIST PRESSURES AND AGGREGATE ECONOMIC CONDITIONS: COMMENT ON TAKACS

This paper explores the influence of U. S. macroeconomic conditions and the international trade position on protectionist pressures as measured by escape clause cases brought before the International Trade Commission. Several possible difficulties with Takacs' pioneering empirical study of this topic are considered. It is argued that while further support is found for her principal conclusion that the state of the domestic economy is a significant determinant of such protectionist pressures, the quantitative strength of such aggregate factors is less than was suggested by Takacs' original study.