Raza, Werner; Tröster, Bernhard; von Arnim, Rudi - In: European Journal of Economics and Economic Policies: … 13 (2016) 1, pp. 87-102
Economic studies on trade liberalization typically highlight positive expected effects. This paper discusses those issues which are frequently neglected, but are nevertheless important for policy-makers. These are macroeconomic adjustment costs and social costs of regulatory change. Our...