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...

Full description

Saved in:
Bibliographic Details
Main Authors: Albuquerque, Rui (Author), Rebelo, Sérgio 1959- (Author)
Format: Book
Language:English
Published: Cambridge, Mass. 1998
Series:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 6700
Subjects:
Online Access:Volltext
Summary: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.
Physical Description:43 S. graph. Darst.

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text