search query: @indexterm International trade / total: 2170
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| Author: | Albuquerque, R. Rebelo, S. |
| Title: | On the dynamics of trade reform |
| Journal: | Journal of International Economics
2000 : JUN, VOL. 51:1, p. 21-47 |
| Index terms: | International trade Income distribution Economic theory Models |
| Language: | eng |
| 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. A 2-sector industry dynamics model is developed 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 and pre-announced) on investment, employment composition and income distribution. |
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