Political Accountability And Its Influence On Trade Liberalization

Jongmin Lee
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Jongmin Lee: Kangwon National University

Korean Economic Review, 2004, vol. 20, 305-322

Abstract: A country's trade policy is determined through the process of political competition among various domestic interest groups. This in turn is influenced by the polity. Insufficient attention to the role of the polity in determining trade policy is a motive for this work. This paper investigates the impacts of the political accountability as an important aspect of democracy on the level of tariffs and on the international cooperation associated with trade liberalization. It is shown that an increase in the political accountability in a democracy lowers the level of tariff determined through the political process. Furthermore, the paper shows that the poloicy-maker's responsiveness to the will of the society of large facilities more cooperative equilibrium outcome in the international negotiating environment.

Keywords: Political accoutability; political economy tariff; trade liberalization (search for similar items in EconPapers)
JEL-codes: F12 F13 (search for similar items in EconPapers)
Date: 2004
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