On the dynamics of trade reform

• 成果类型: Article; Proceedings Paper
• 署名作者: Albuquerque, R; Rebelo, S
• 署名单位: Northwestern University; University of Rochester; National Bureau of Economic Research; Centre for Economic Policy Research - UK
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(99)00036-7
• 发表日期: 2000
• 页码: 21-47
• 关键词: trade reform; Industry dynamics; Income distribution; hysteresis

摘要

Empirical studies of trade reforms suggest that these reforms have a surprisingly small impact on a country's industrial configuration. This industrial structure inertia is difficult to rationalize in standard trade models. This paper develops a two-sector industry dynamics model in which industrial composition inertia arises naturally. The model is then used to study the consequences of different types of trade reforms (e.g. permanent, temporary, gradual, pre-announced) on investment, employment composition and income distribution. (C) 2000 Elsevier Science BN. All rights reserved.