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resources. The costs of such disputes in terms of arming depend on the trade regime in place. Under either autarky or free trade … gains from trade and thus render autarky more desirable for one or both rival states. Furthermore, contestation of resources …
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economy is closed and the government chooses its education policy to maximize welfare under autarky. Then the economy trades …
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autarky gains from trade, as well as a recently introduced ANOVA-type structural estimation of the gravity equation to obtain … trade costs free of residual trade cost bias. Between 1995 and 2006, the cost of moving to autarky increased by about 45% on … average. A decomposition exercise suggests most of the increase in autarky gains from trade on average was due to increases in …
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The basic gains-from-trade theorem makes a stark comparison between completely free trade and complete autarky. This …
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