International Trade, Distortions and Long-Run Economic Growth

International Trade, Distortions and Long-Run Economic Growth
The links between trade and growth are examined in a neoclassical model of an open economy in which domestic production requires both domestic and imported inputs. The model shows that trade distortions induced by such government policies as tariffs and exchange controls generate cross-country divergences in growth rates and in per capita income... READ MORE...

Publication date: November 1992
ISBN 9781451851335
$15.00

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