Duong, Tran Lam Anh - In: The Journal of International Trade & Economic Development 23 (2014) 4, pp. 491-510
This paper proposes a framework to derive the optimal dynamic path of tariffs to protect infant industries when a country initiates a process to join the World Trade Organization (WTO). The framework is based on the model of Melitz (2005) in which externalities associated with dynamic...