Pass in U.S. Senate?---An Empirical Analysis based on Political Economy of Trade Policy
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| Title | Pass in U.S. Senate?---An Empirical Analysis based on Political Economy of Trade Policy
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| Author | Wang Xiaosong and Xie Shenxiang |
| Organization | Renmin University of China; Shandong University of Finance and Economics |
| Email | wangxiaosong@ruc.edu.cn；xsx786@yahoo.com.cn |
| Key Words | Currency Exchange Rate Oversight Act; RMB Appreciation; Interest Group; Political Contributions; Partisanship |
| Abstract | U.S. Senate passed Currency Exchange Rate Oversight Reform Act of 2011 in October, 2011. We investigate the force and determinants of voting outcome within the framework of political economy of trade policy. Labor group contributions significantly influenced legislators’ votes and precipitated the bill passed directly. Most Democrats approved the bill is also a key factor of the bill passing. The individual factors of legislators played fairly important role during the deciding process. Also, predictions of classic trade models about which groups in the U.S. will support trade liberalization cannot be supported entirely by voting outcome of the bill. |
| Serial Number | WP231 |
| Time | 2012-02-23 |
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