English, Article, Journal or magazine article edition: Measureable Dynamic Gains from Trade Richard Baldwin

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Bookmark: http://trove.nla.gov.au/version/140429
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Measureable Dynamic Gains from Trade
Author
  • Richard Baldwin
Physical Description
  • preprint
Notes
  • Productive factors such as human and phyaical capital are accumulated and trade can affect the steady-state levels of such factors. Consequently, trade liberalization will have dynamic effects on output and welfare as the economy moves to its new steady state, in addition to its usual static effects. The output impact of this dynamic effect is measurable and appears to be quite large. The welfare impact of this dynamic effect is also measurable. The size of this dynamic gain from trade depends on the importance of external scale economies.
  • RePEc:nbr:nberwo:3147
Language
  • English
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