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Trade Policy and Redistribution when Preferences are Non-Homothetic / Quy-Toan Do, Andrei A. Levchenko.
- Format:
- Book
- Author/Creator:
- Do, Quy-Toan.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w23237.
- NBER working paper series no. w23237
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2017.
- Summary:
- We compare redistribution through trade restrictions vs. domestic lump-sum transfers. When preferences are non-homothetic, even domestic lump-sum transfers affect relative prices. Thus, contrary to the conventional wisdom, domestic lump-sum transfers are not necessarily superior to distortionary trade policy. We develop this argument in the context of food export bans imposed by many developing countries in the late 2000s.
- Notes:
- Print version record
- March 2017.
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