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economy that takes as given the price of imports and the demand schedules for its exports (a quot;small economyquot;). We …, or an import tariff allow our small economy to deal with two distortions that we identify and thereby reach its first …
Persistent link: https://www.econbiz.de/10012775477
This paper shows that the results of Venables (1987) depend critically on the assumption that there are no fixed costs of trade. The introduction of fixed costs of exporting, while making the model more consistent with the empirical evidence, leads to the opposite conclusion that technological...
Persistent link: https://www.econbiz.de/10012777452
This paper provides a new heterogeneous firm model for trade where firms differ in their productivity and experience different market demand shocks. The model incorporates variations in trade policy, trade preferences, and the rules of origin needed to obtain them, to reflect real world...
Persistent link: https://www.econbiz.de/10012767215