Trade and Growth in the Presence of Distortions

Trade and Growth in the Presence of Distortions
Tariffs and other policy distortions typically lower real national income relative to what it otherwise would have been for any given rate of factor accumulation. Even while lowering real income, however, policy distortions may raise an economy's real measured growth rate and so, somewhat deceivingly, give the impression that national welfare... READ MORE...

Publication date: January 2005
ISBN 9781451860313
$15.00

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