Title of article
Growth effects of anticipated trade liberalization and the Baldwin multiplier
Author/Authors
Dirk Willenbockel، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1998
Pages
5
From page
231
To page
235
Abstract
According to Baldwin (1992) [Baldwin, R.E., 1992. Measurable dynamic gains from trade. Journal of Political Economy 100, 162–174] trade liberalization induces a medium-run investment-led growth process. This note points out that Baldwinʹs own model would actually predict a significant initial drop in investment and aggregate income, when announcement effects are taken into account.
Keywords
growth , TRADE POLICY , Economic integration , Imperfect competition
Journal title
Economics Letters
Serial Year
1998
Journal title
Economics Letters
Record number
434554
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