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Trade Policy for Im...
Trade Policy for Imported Intermediate Inputs : A Theoretical and Applied General-Equilibrium Analysis
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- Lopez-de-Silanes, Florecio (författare)
- Harvard University
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- Markusen, James R. (författare)
- University of Colorado, Boulder
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- Rutherford, Thomas F. (författare)
- University of Colorado, Boulder
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(creator_code:org_t)
- Stockholm : IIES, 1992
- Engelska 28 s.
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Serie: Seminar Paper / Institute for International Economic Studies, Stockholm University, 0347-8769 ; 513
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Abstract
Ämnesord
Stäng
- Conventional analysis in the trade-industrial-organization literature suggests that, when a country has some market power over an imported good, some small level of protection must be welfare improving. This is essentially a terms-of-trade argument that is reinforced if the imported goods are substitutes for domestic goods produced with increasing returns to scale, goods that are initially underproduced in free-trade equilibrium. This paper notes that this result may not hold when (1) the imports are intermediates used in a domestic increasing-returns industry, and/or (2) the intermediates are complements for domestic inputs produced with increasing returns. We then demonstrate such an outcome with respect to Mexican protection against imported auto parts using an applied general-equilibrium model of the North American auto industry.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Economics
- Nationalekonomi
Publikations- och innehållstyp
- vet (ämneskategori)
- rap (ämneskategori)