The Costs of Trade Protectionism: Evidence from Spanish Firms and Non-Tariff Measures

35 Pages Posted: 7 Jun 2018

See all articles by Dmitri Kirpichev Kirpichev

Dmitri Kirpichev Kirpichev

Centre for Monetary and Financial Studies (CEMFI)

Enrique Moral-Benito

Banco de España; Universidad Carlos III de Madrid

Date Written: June 1, 2018

Abstract

The rise in non-tariff protectionist measures has been associated to the weakness in global trade over the last few years. We investigate the effect of non-tariff barriers (NTBs) on exports growth over the period 2009-2013 using administrative data at the firm-product-destination level in Spain. According to our findings, non-tariff protectionist measures significantly reduce exports growth at the product-destination level. Moreover, NTBs also hinder exports growth at the firm level and negatively affect other firm outcomes such as productivity growth. In contrast, the impact of liberalizing non-tariff measures is not statistically significant.

Keywords: protectionism, non-tariff measures, firm level data

JEL Classification: F10, F30, F40, G15, G21, G32

Suggested Citation

Kirpichev, Dmitri Kirpichev and Moral-Benito, Enrique, The Costs of Trade Protectionism: Evidence from Spanish Firms and Non-Tariff Measures (June 1, 2018). Banco de Espana Working Paper No. 1814. Available at SSRN: https://ssrn.com/abstract=3188794 or http://dx.doi.org/10.2139/ssrn.3188794

Dmitri Kirpichev Kirpichev (Contact Author)

Centre for Monetary and Financial Studies (CEMFI) ( email )

Casado del Alisal 5
28014 Madrid
Spain

Enrique Moral-Benito

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Universidad Carlos III de Madrid ( email )

CL. de Madrid 126
Madrid, Madrid 28903
Spain

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