Abstract

Trade protection may have significant impacts on sectors other than those targeted by the protection policies, especially when the target sector produces goods that are essential inputs to downstream sectors. Using panel Vietnamese enterprise surveys from 2010 to 2017, this paper examines whether temporary trade protection has a significant impact on the steel sectors and downstream users of steel. We find that during the trade protection period to the steel sector, this policy increased sales of protected firms but hurt downstream firms. Particularly, trade protection has significant impacts on sales, profit, and productivity of downstream firms in the sectors that use steel intensively as their inputs. Additionally, these adverse effects of protection are more severe to small downstream firms.

摘要

贸易保护可能对保护政策所针对的部门以外的部门产生重大影响，特别是当目标部门生产的商品是下游部门必不可少的投入时。本文利用 2010 年至 2017 年的越南企业面板调查，检验临时贸易保护是否对钢铁行业和钢铁下游用户产生重大影响。我们发现，在钢铁行业的贸易保护期内，该政策增加了受保护企业的销售额，但损害了下游企业。特别是，贸易保护对以钢铁为原料的行业的下游企业的销售额、利润和生产率具有显着影响。此外，保护的这些不利影响对下游小公司更为严重。