Detail Welfare Reducing Trade and Optimal Trade Policy   Oleh:  Choi, E. Kwan ; Beladi, Hamid Jenis: Article from Bulletin/Magazine Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 10 no. 2 (1998), page 187-198. Topik: welfare; welfare; trade; optimal trade Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper shows that free trade reduces the welfare of a small country with unemployment unless the free trade price of the importable falls below the autarky equivalent price. A decline in the price of the importable from the autarky level not only improves the terms of trade but also reduces employment and production in the importable sector. A numerical example illustrates that the autarky equivalent price of the importable can be substantially lower than the autarky price. If an optimal tariff is used, however, restricted trade improves welfare above the autarky level. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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