Economic Interests and Voting on the Omnibus Trade Bill of 1987

Stephen V Marks

Public Choice, 1993, vol. 75, issue 1, 42 pages

Abstract: This paper presents an econometric analysis of the votes on five pivotal amendments to the omnibus foreign trade bills of the U.S. House and Senate in 1987. Probit estimation is used to identify the relationships between geographic variations in employment in trade-sensitive industries and congressional voting on changes in foreign trade policy procedures. The implied.pattern of expected net benefits for the industries from the five amendments is highly consistent with qualitative evidence on the costs and benefits at stake. Two general conclusions stand out: (1) procedural foreign trade policy proposals can have very specific beneficiaries; (2) diffuse export interests can be influential in opposition to procedural protectionism. Copyright 1993 by Kluwer Academic Publishers

Date: 1993
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