Positive Theory of Regulation: an Application to Spanish Foreign Trade
Regulation theory has attracted a great deal of interest in economic literature during the last three decades. One aspect that has been given most attention is the question of whether regulatory measures may be influenced by the action of pressure groups. Recent empirical work on determinants of inter-industry structure of tariffs seems to support the view that some industry characteristics may influence the ability of protection-minded industries to exert pressure in order to get protection. Although it is possible to find increasing amounts of literature concerning this subject in Canada and USA, empirical work studying this issue for Europe is still scarce.
KeywordsForeign Direct Investment Market Structure Scale Economy Multinational Company Positive Theory
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