A quantile-based test of protection for sale model

Susumu Imai, Hajime Katayama, Kala Krishna

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

This paper proposes a new test of the Protection for Sale (PFS) model by Grossman and Helpman (1994). Unlike existing methods in the literature, our approach does not require any data on political organization. We use quantile and IV quantile regressions in our tests, using the data from Gawande and Bandyopadhyay (2000). Surprisingly, the results do not provide any evidence favoring the PFS model. We also explain why previous work may have found support for it.

Original languageEnglish
Pages (from-to)40-52
Number of pages13
JournalJournal of International Economics
Volume91
Issue number1
DOIs
Publication statusPublished - 2013 Sep

Keywords

  • Lobbying
  • Political economy
  • Protection for sale
  • Quantile regression

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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