On the long run effects of barriers to trade

Detalhes bibliográficos
Autor(a) principal: Ferreira, Pedro Cavalcanti
Data de Publicação: 2001
Outros Autores: Trejos, Alberto
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/599
Resumo: We study the macroeconomic effects of international trade policy by integrating a Hecksher-Ohlin trade model into an optimal-growth framework. The model predicts that a more open economy will have higher factor productivity. Furthermore, there is a 'selective development trap,' an additional steady state with low income, to which countries may or may not converge, depending on policy. Income at the development trap falls as trade barriers increase. Hence, cross-country differences in barriers to trade may help explain the dispersion of per-capita income observed across countries. The effects are quantified and we show that protectionism can explain a relevant fraction of TFP and long-run income differentials across countries.
id FGV_191847fddcce48a44239e26c5c89669b
oai_identifier_str oai:repositorio.fgv.br:10438/599
network_acronym_str FGV
network_name_str Repositório Institucional do FGV (FGV Repositório Digital)
repository_id_str 3974
spelling Ferreira, Pedro CavalcantiTrejos, AlbertoEscolas::EPGEFGV2008-05-13T15:27:42Z2010-09-23T18:58:29Z2008-05-13T15:27:42Z2010-09-23T18:58:29Z2001-10-170104-8910http://hdl.handle.net/10438/599We study the macroeconomic effects of international trade policy by integrating a Hecksher-Ohlin trade model into an optimal-growth framework. The model predicts that a more open economy will have higher factor productivity. Furthermore, there is a 'selective development trap,' an additional steady state with low income, to which countries may or may not converge, depending on policy. Income at the development trap falls as trade barriers increase. Hence, cross-country differences in barriers to trade may help explain the dispersion of per-capita income observed across countries. The effects are quantified and we show that protectionism can explain a relevant fraction of TFP and long-run income differentials across countries.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;436On the long run effects of barriers to tradeinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaEconomiaBarreiras comerciaisreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTHUMBNAIL1285.pdf.jpg1285.pdf.jpgGenerated Thumbnailimage/jpeg4155https://repositorio.fgv.br/bitstreams/2e3dae55-242b-4fa3-9e03-075641515761/download07564663798a610e306ede24e6f03262MD58ORIGINAL1285.pdfapplication/pdf350751https://repositorio.fgv.br/bitstreams/2006fa51-d261-425e-bb40-d7a5f3bb14a7/downloada84cfa1cbadabc513c9fbe4604b2a857MD52TEXT1285.pdf.txt1285.pdf.txtExtracted texttext/plain115040https://repositorio.fgv.br/bitstreams/9bb613aa-1eb1-4d53-8df5-873c09f3d0cf/download1bf94da21e7429146cd464f2d32b2733MD5710438/5992023-11-09 00:06:58.079open.accessoai:repositorio.fgv.br:10438/599https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T00:06:58Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv On the long run effects of barriers to trade
title On the long run effects of barriers to trade
spellingShingle On the long run effects of barriers to trade
Ferreira, Pedro Cavalcanti
Economia
Economia
Barreiras comerciais
title_short On the long run effects of barriers to trade
title_full On the long run effects of barriers to trade
title_fullStr On the long run effects of barriers to trade
title_full_unstemmed On the long run effects of barriers to trade
title_sort On the long run effects of barriers to trade
author Ferreira, Pedro Cavalcanti
author_facet Ferreira, Pedro Cavalcanti
Trejos, Alberto
author_role author
author2 Trejos, Alberto
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Ferreira, Pedro Cavalcanti
Trejos, Alberto
dc.subject.area.por.fl_str_mv Economia
topic Economia
Economia
Barreiras comerciais
dc.subject.bibliodata.por.fl_str_mv Economia
Barreiras comerciais
description We study the macroeconomic effects of international trade policy by integrating a Hecksher-Ohlin trade model into an optimal-growth framework. The model predicts that a more open economy will have higher factor productivity. Furthermore, there is a 'selective development trap,' an additional steady state with low income, to which countries may or may not converge, depending on policy. Income at the development trap falls as trade barriers increase. Hence, cross-country differences in barriers to trade may help explain the dispersion of per-capita income observed across countries. The effects are quantified and we show that protectionism can explain a relevant fraction of TFP and long-run income differentials across countries.
publishDate 2001
dc.date.issued.fl_str_mv 2001-10-17
dc.date.accessioned.fl_str_mv 2008-05-13T15:27:42Z
2010-09-23T18:58:29Z
dc.date.available.fl_str_mv 2008-05-13T15:27:42Z
2010-09-23T18:58:29Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/599
dc.identifier.issn.none.fl_str_mv 0104-8910
identifier_str_mv 0104-8910
url http://hdl.handle.net/10438/599
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;436
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Repositório Institucional do FGV (FGV Repositório Digital)
collection Repositório Institucional do FGV (FGV Repositório Digital)
bitstream.url.fl_str_mv https://repositorio.fgv.br/bitstreams/2e3dae55-242b-4fa3-9e03-075641515761/download
https://repositorio.fgv.br/bitstreams/2006fa51-d261-425e-bb40-d7a5f3bb14a7/download
https://repositorio.fgv.br/bitstreams/9bb613aa-1eb1-4d53-8df5-873c09f3d0cf/download
bitstream.checksum.fl_str_mv 07564663798a610e306ede24e6f03262
a84cfa1cbadabc513c9fbe4604b2a857
1bf94da21e7429146cd464f2d32b2733
bitstream.checksumAlgorithm.fl_str_mv MD5
MD5
MD5
repository.name.fl_str_mv Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv
_version_ 1810023884853870592

Registros relacionados