Economics at your fingertips  

Rent Seeking, Protectionism and Innovation in the American Steel Industry

Stefanie Lenway, Randall Morck and Bernard Yeung

Economic Journal, 1996, vol. 106, issue 435, 410-21

Abstract: Trade protection in a declining industry can cause damages beyond those revealed in the usual trade diagram analysis. Using data on the U.S. steel firms, the authors show that trade protection in that industry rewards poor performance, reduces incentives to innovate, and frustrates the normal Schumpeterian process of creative destruction. Copyright 1996 by Royal Economic Society.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (43) Track citations by RSS feed

Downloads: (external link) ... 0.CO%3B2-P&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is currently edited by Martin Cripps, Steve Machin, Woulter den Haan, Andrea Galeotti, Rachel Griffith and Frederic Vermeulen

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().

Page updated 2023-06-15
Handle: RePEc:ecj:econjl:v:106:y:1996:i:435:p:410-21