Trade protection leads to recessions in the long run – Bank of Canada researcher

Bank of Canada
Photo: Shutterstock

Protectionist policies between two countries lead to a recession in both countries in the long run, a researcher from the Bank of Canada finds.

In the paper, Yuko Imura examines the effects of three trade-restricting policies on global value chains and production. The policies she looks into are tariffs on final-good imports, tariffs on intermediate-input imports and barriers to accessing foreign markets.

While all three lead to recessions in the long run, the relative effects on the GDP of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: