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misallocation in agriculture during the period between 2006 and 2016. Despite rapid growth in agricultural productivity and a … productivity over time. Our analysis also reveals important differences between the north and south regions. …
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tariff in either sector boosts the size and productivity of that sector, raising welfare. While these forces are reinforced … potential productivity benefits. The welfare benefits of final-good tariffs thus tend to be larger, with the optimal degree of …
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In this paper we propose a theoretical model of international trade that shows the welfare gains from trade are much higher than what Arkolakis et al 2014 find. We use the idea of weak linkages and the complementarity between the intermediate goods as in Jones 2011. The idea is simple....
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