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Persistent link: https://www.econbiz.de/10013551226
Will all countries gain from free trade? Two countries, one with a large and the other a small population, are modeled. Once trade is opened, real income rises in the small country and falls in the large one. The intuition is that, without trade, the large country's local monopoly makes profits...
Persistent link: https://www.econbiz.de/10014064751
risk sharing and coordination of defense, autarky obtains over most of the parameter space. When both trade and predation …
Persistent link: https://www.econbiz.de/10014067123
This important new book critically examines the argument that structural asymmetries between the rich, industrialised countries of the global 'north' or 'centre' and the poor, largely primary-producing countries of the 'south' or 'periphery' could be responsible for an unequal division of the...
Persistent link: https://www.econbiz.de/10014473928
resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile … under autarky. Alternatively, trade may enable the environmentally richer country to "pull up" its partner; in this case … both countries preserve their stocks when these would be degraded under autarky. These results rationalize the positions of …
Persistent link: https://www.econbiz.de/10014164597
resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile … under autarky. Alternatively, trade may enable the environmentally richer country to "pull up" its partner; in this case … both countries preserve their stocks when these would be degraded under autarky. These results rationalize the positions of …
Persistent link: https://www.econbiz.de/10014169199
growth always results in NR and welfare collapse under autarky, the impact under trade depends critically on the …
Persistent link: https://www.econbiz.de/10015066368
The effects on growth of the integration of an autarkic country into the world economy are analyzed, focusing on the differing roles of imitation and innovation in human capital accumulation. The country initially concentrates on imitation of foreign knowledge; subsequently, as it approaches the...
Persistent link: https://www.econbiz.de/10014403371
resulting from the transition from autarky to free trade and show that regulating interference with supply and demand may have a …
Persistent link: https://www.econbiz.de/10011608795
Persistent link: https://www.econbiz.de/10000001434