The costs of trade protectionism: evidence from Spanish firms and non-tariff measures

The costs of trade protectionism: evidence from Spanish firms and non-tariff measures

Series: Research Features.

Author: Dmitri Kirpichev and Enrique Moral-Benito

Full document

PDF
The costs of trade protectionism: evidence from Spanish firms and non-tariff measures (298 KB)

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 export 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 export growth at the product-destination level. Moreover, NTBs also hinder export 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.