| Author Name | TOMIURA Eiichi (Faculty Fellow, RIETI) / ITO Banri (Fellow, RIETI) / MUKUNOKI Hiroshi (Gakushuin University) / WAKASUGI Ryuhei (Faculty Fellow, RIETI) / KUWAHATA Hiroyuki (Yokohama National University) |
|---|---|
| Creation Date/NO. | July 2013 13-J-049 |
| Research Project | Empirical Analysis of Trade Policy Preferences at the Individual Level in Japan |
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Abstract
Protectionism prevails in the real world in spite of the strong support for free trade by economists. To gather information on trade policy preferences, we conduct a survey on approximately 10,000 individuals: a 1/10,000 microcosm of Japan. Descriptive results from the survey are summarized as follows: (a) Various individual characteristics, including not only occupation and industry but also income, education, age, gender, and foreign attachments, are related with trade policy preference. (b) Preference of import liberalization is generally correlated with the same individual's preference of other international economic policies, though some discrepancies are observed. (c) Behavioral factors, such as risk aversion, are partly related with policy preferences.
Published: Tomiura, Eiichi, Banri Ito, Hiroshi Mukunoki, and Ryuhei Wakasugi, 2016. "Individual characteristics, behavioral biases, and trade policy preferences: Evidence from a survey in Japan," Review of International Economics, Vol. 24(5), pp. 1081-1095
http://onlinelibrary.wiley.com/doi/10.1111/roie.12248/full
