| Author: | Keuschnigg, C. Kohler, W. |
| Title: | Commercial policy and dynamic adjustment under monopolistic competition |
| Journal: | Journal of International Economics
1996 : MAY, VOL. 40:3/4, p. 373-410 |
| Index terms: | ECONOMICS INTERNATIONAL COMPETITION |
| Language: | eng |
| Abstract: | The authors explore liberalization of trade in differentiated commodities using a model featuring monopolistic competition and capital accumulation. They identify a mechanism of "cumulative causation" in investment and an associated externality leading to under-accumulation. The authors provide long-run analytical results for a stylized core model and offer a quantitative treatment of transitional and sectoral issues using a disaggregate computational model. |
SCIMA