English, Article edition: Exploring the Links Between Transaction Costs, income Distribution and Economic Performance in a Case Study for Colombia Maurizio Bussolo; John Whalley

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Bookmark: http://trove.nla.gov.au/version/158795
Physical Description
  • article
Language
  • English

Edition details

Title
  • Exploring the Links Between Transaction Costs, income Distribution and Economic Performance in a Case Study for Colombia
Author
  • Maurizio Bussolo
  • John Whalley
Physical Description
  • article
Notes
  • Standard international trade models have consistently produced results that, compared ex post with real world data, show the right sign but much smaller magnitudes. Besides, for the case of developing countries, these same models predict that unskilled labour would gain from liberalization, and this too contrasts with empirical evidence. This paper proposes a new approach by considering transaction costs reductions as an important factor explaining developing countries' actual performances.
  • International Trade; Transaction Costs; Simulation Models; Income Distribution
  • RePEc:cii:cepiei:2003-2q-3qj
Language
  • English
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