On the dynamics of trade reform:

The empirical evidence on trade reforms suggests that these have a surprisingly small impact on the 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 indus...

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Bibliographische Detailangaben
Hauptverfasser: Albuquerque, Rui (VerfasserIn), Rebelo, Sérgio 1959- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. 1998
Schriftenreihe:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6700
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Zusammenfassung:The empirical evidence on trade reforms suggests that these have a surprisingly small impact on the 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.
Beschreibung:43 S. graph. Darst.

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