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towards later stages of development. Recently the US government has moved against the trend by imposing tariffs on China …'s imports. There is a literature on positive effects of trade liberalization and economic growth. Not unsurprisingly, the … Chinese government retaliated by introducing tariffs on US produced goods. For the time being, the result of this trade war on …
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This paper studies the role of trading partner' growth and a domestic import tariff in the possibility of growing through trade. To this purpose, a Ricardian model is developed in which a backward economy seeks to increase its long-run growth rate simply by trading with a faster growing partner....
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