On the output effects of barriers to trade

• 成果类型: Article
• 署名作者: Cavalcanti Ferreira, Pedro; Trejos, Alberto
• 署名单位: Getulio Vargas Foundation
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.1468-2354.2006.00415.x
• 发表日期: 2006
• 页码: 1319-1340
• 关键词: economic-development; GROWTH; PRODUCTIVITY; countries; openness

摘要

We study the macroeconomic effects of international trade policy by integrating a Hecksher-Ohlin trade model into an optimal-growth framework. The model predicts that a more open economy will have higher factor productivity. Furthermore, there is a selective development trap to which countries may or may not converge, depending on policy. Income at the development trap falls as trade barriers increase. Hence, cross-country differences in barriers to trade may help explain the dispersion of per capita income observed across countries. The effects are quantified, and we show that protectionism can explain a relevant fraction of TFP and long-run income differentials across countries.