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.
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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
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2010-09-23T18:58:29Z
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dc.language.iso.fl_str_mv eng
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dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;436
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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