NBER WORKING PAPER SERIES MISALLOCATION AND PRODUCTIVITY EFFECTS OF THE SMOOT-HAWLEY TARIFF Eric W. Bond Mario J. Crucini Tristan Potter Joel Rodrigue Working Paper 18034 http://www.nber.org/papers/w18034 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 May 2012 Tristan Potter acknowledges financial support through the Vanderbilt Undergraduate Summer Research Program, 2010. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2012 by Eric W. Bond, Mario J. Crucini, Tristan Potter, and Joel Rodrigue. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.