Export-share requirements, trade balances and welfare: a two-period analysis

• 成果类型: Article; Proceedings Paper
• 署名作者: Chao, CC; Yu, ESH
• 署名单位: Chinese University of Hong Kong; Oregon State University; Chinese University of Hong Kong
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/S0304-3878(98)00060-1
• 发表日期: 1998
• 页码: 217-228
• 关键词: international investment; export requirements; current account

摘要

This paper provides a two-period, three-sector general-equilibrium model for examining the effects of a temporary increase in export-share requirements to foreign-owned firms on the trade balance and national welfare. The analysis suggests that the policy of a temporary rise in export requirements results in increases in the non-tradable prices for both periods as well as intertemporal welfare. The policy also leads to an improvement in the first-period trade balance. (C) 1998 Elsevier Science B.V. All rights reserved.