Back to Search
Start Over
On the dynamics of trade reform
On the dynamics of trade reform
- Source :
- Journal of International Economics. 51:21-47
- Publication Year :
- 2000
- Publisher :
- Elsevier BV, 2000.
-
Abstract
- Empirical studies of trade reforms suggest that these reforms have a surprisingly small impact on a country's industrial configuration. This industrial structure inertia is difficult to rationalize in standard trade models. This paper develops a two-sector industry dynamics model in which industrial composition inertia arises naturally. The model is then used to study the consequences of different types of trade reforms (e.g. permanent, temporary, gradual, pre-announced) on investment, employment composition and income distribution.
Details
- ISSN :
- 00221996
- Volume :
- 51
- Database :
- OpenAIRE
- Journal :
- Journal of International Economics
- Accession number :
- edsair.doi...........ee4c20b824edc9a78b5f919e19d52e16
- Full Text :
- https://doi.org/10.1016/s0022-1996(99)00036-7