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On the Dynamics of Trade Reform / Rui Albuquerque, Sergio Rebelo.
- Format:
- Book
- Author/Creator:
- Albuquerque, Rui.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6700.
- NBER working paper series no. w6700
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1998.
- Summary:
- The empirical evidence on trade reforms suggests that these have a surprisingly small impact on the 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.
- Notes:
- Print version record
- August 1998.
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