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Consequences of trade protectionism: Assessing trade barriers effect on Swedish steel and iron exports
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2024 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Decreasing tariffs and increasing trade agreements around the world have led to fairer and more open trade. Or has it? New studies show that there are more discriminatory regulations than liberalizing trade actions implemented in the last decades. Have tariffs been substituted for non-tariff barriers and if so, has it the same negative effect on trade? In this thesis, these questions are studied by looking at monthly Swedish steel and iron exports between 2002 and 2022. The questions are studied by constructing three different regression models using the Ordinary least squares method. Three dependent variables are used firstly steel and iron trade to the US to find direct effects of trade barriers, secondly steel and iron trade within the EU to find if EU trade barriers have indirect effects on Swedish steel and iron exports and lastly trade partners outside of EU and US to study if trade barriers cause Swedish steel and iron exports to shift towards other trade partners.

The main findings are that Swedish steel and iron exports are not negatively affected neither directly or indirectly by non-tariff barriers, nor have any shift in exports to trade partners outside of the EU and the US been detected. The study also shows that traditional tariffs still have a decreasing effect on Swedish steel and iron exports.

Place, publisher, year, edition, pages
2024.
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-227227OAI: oai:DiVA.org:umu-227227DiVA, id: diva2:1877864
Available from: 2024-06-26 Created: 2024-06-26 Last updated: 2024-06-26Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf