Winners and Losers : The Asymmetric Impact of Tariff Protection on Late-Nineteenth-Century Swedish Manufacturing Firms
Cross-country regressions suggest that protectionism supported industrialization. I leverage novel and highly granular data covering Swedish manufacturing firms to estimate the impact of Sweden’s shift toward protectionism after 1891 on establishment-level development. Using mainly two-way fixed effects regressions, I show that tariff increases had a heterogeneous impact across establishments: ini
