Are Subsidies to be Blamed? A Reexamination of U.S. Countervailing Duty on Hog Imports From Canada |
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Authors: | Colin Carter Doren Chadee Kwame Darko |
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Institution: | a University of California– Davis, CA USA;b University of Auckland, Auckland, New Zealand;c Manitoba Public Insurance Corporation, Winnipeg, Canada |
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Abstract: | A dramatic increase in U.S. hog imports from Canada triggered a successful countervail action against Canada in 1985, and resulted in an import tariff. This paper finds Canadian subsidies were not a major factor explaining increased hog exports, rather, the depreciation of the Canadian dollar played a larger role. More importantly, we find that hog imports from Canada did not “injure” the U.S. industry. These results imply the U.S. hog countervail duty was the outcome of rent-seeking activities rather than due to economic factors. |
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