English, Article, Journal or magazine article edition: Empirical Research on Trade Liberalisation with Imperfect Competition: A Survey J. David Richardson

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Bookmark: http://trove.nla.gov.au/version/136989
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Empirical Research on Trade Liberalisation with Imperfect Competition: A Survey
Author
  • J. David Richardson
Physical Description
  • preprint
Notes
  • Orthodox trade theory rests on a number of unrealistic assumptions which include, among others, constant returns to scale in production and perfect competition in product and factor markets. This has led many commentators to express strong skepticism about the policy conclusions flowing from the orthodox framework. In response to these concerns, a rapidly-growing literature has developed over the past decade which incorporates more realistic features of the trading system such as imperfect competition, increasing returns to scale and product differentiation. This paper presents a review of the empirical research on the "new trade" theories. Section II outlines briefly the theoretical framework for the empirical research. The results from a series of partial and general equilibrium studies are surveyed in Section III. The final section suggests some directions for future work in this area ... La théorie traditionnelle de l'échange international repose sur un certain nombre d'hypothèses irréalistes telles que, par exemple, les rendements constants à l'échelle au niveau de la production et la concurrence parfaite sur les marchés des produits et des facteurs. Ceci a motivé de nombreux commentateurs à exprimer de fortes réserves quant aux conclusions pour la politique économique tirées des modèles basés sur la théorie traditionnelle. Devant ces inquiétudes, une littérature foisonnante s'est développée au cours de la dernière décennie, incorporant des caractéristiques plus réalistes du système des échanges internationaux, telles la concurrence imparfaite, les rendements croissants à l'échelle et la différenciation des produits. Ce texte présente un survol de la recherche empirique portant sur les "nouvelles théories" relatives aux échanges. La Section II décrit brièvement le cadre théorique servant d'assise à la recherche empirique. Les résultats d'une série d'études basées soit ...
  • RePEc:oec:ecoaaa:58-en
Language
  • English
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