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| Author: | Devereux, J. Lein Chen, L. |
| Title: | Export zones and welfare: another look |
| Journal: | Oxford Economic Papers
1995 : OCT, VOL. 47:4, p. 704-713 |
| Index terms: | EXPORTS WELFARE DEVELOPED ECONOMIES |
| Language: | eng |
| Abstract: | In this paper the authors show that the welfare effects of an export promotion zone can be divided into a factor terms-of-trade effect and a volume-of-trade effect. The first effect raises welfare, whereas the second is uncertain. To date, however, the literature has ignored the factor terms -of-trade effect, thereby creating a bias against export zones. In addition, the authors demonstrate that zones increase welfare for trade regimes that rely on quantitative restrictions. |
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