On the growth effects of barriers to trade

Detalhes bibliográficos
Autor(a) principal: Trejos, Alberto
Data de Publicação: 1999
Outros Autores: Ferreira, Pedro Cavalcanti
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/585
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 an open economy will have higher factor productivity and faster growth. Also, under protectionist policies there may be 'development traps,' or additional steady states with low income. In the last case, higher tariffs imply lower incomes, so that the large cross-country differences in barriers to trade may explain part of the huge dispersion of per capita income observed across countries. The model simulation shows that the link between trade and macroeconomic performance may be quantitatively important.
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spelling Trejos, AlbertoFerreira, Pedro CavalcantiEscolas::EPGEFGV2008-05-13T15:27:19Z2010-09-23T18:58:43Z2008-05-13T15:27:19Z2010-09-23T18:58:43Z1999-09-220104-8910http://hdl.handle.net/10438/585We study the macroeconomic effects of international trade policy by integrating a Hecksher-Ohlin trade model into an optimal-growth framework. The model predicts that an open economy will have higher factor productivity and faster growth. Also, under protectionist policies there may be 'development traps,' or additional steady states with low income. In the last case, higher tariffs imply lower incomes, so that the large cross-country differences in barriers to trade may explain part of the huge dispersion of per capita income observed across countries. The model simulation shows that the link between trade and macroeconomic performance may be quantitatively important.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;353On the growth 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/openAccessTHUMBNAIL1206.pdf.jpg1206.pdf.jpgGenerated Thumbnailimage/jpeg4138https://repositorio.fgv.br/bitstreams/79b17e3f-b2df-4388-a6db-19a6cc7ad39d/downloadde2042432e317a4bd87525a9eb495058MD58ORIGINAL1206.pdfapplication/pdf425178https://repositorio.fgv.br/bitstreams/accb2682-f4b4-48f9-b0ce-3c7e325ba987/downloadcb9ed43235191675593a458cd3a661a2MD52TEXT1206.pdf.txt1206.pdf.txtExtracted texttext/plain45505https://repositorio.fgv.br/bitstreams/a52a7e74-ce5f-4301-b079-860a0d8573d2/download053af17feec51249e9866ca99116641eMD5710438/5852023-11-09 23:10:44.336open.accessoai:repositorio.fgv.br:10438/585https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T23:10:44Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv On the growth effects of barriers to trade
title On the growth effects of barriers to trade
spellingShingle On the growth effects of barriers to trade
Trejos, Alberto
Economia
Economia
Barreiras comerciais
title_short On the growth effects of barriers to trade
title_full On the growth effects of barriers to trade
title_fullStr On the growth effects of barriers to trade
title_full_unstemmed On the growth effects of barriers to trade
title_sort On the growth effects of barriers to trade
author Trejos, Alberto
author_facet Trejos, Alberto
Ferreira, Pedro Cavalcanti
author_role author
author2 Ferreira, Pedro Cavalcanti
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 Trejos, Alberto
Ferreira, Pedro Cavalcanti
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 an open economy will have higher factor productivity and faster growth. Also, under protectionist policies there may be 'development traps,' or additional steady states with low income. In the last case, higher tariffs imply lower incomes, so that the large cross-country differences in barriers to trade may explain part of the huge dispersion of per capita income observed across countries. The model simulation shows that the link between trade and macroeconomic performance may be quantitatively important.
publishDate 1999
dc.date.issued.fl_str_mv 1999-09-22
dc.date.accessioned.fl_str_mv 2008-05-13T15:27:19Z
2010-09-23T18:58:43Z
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2010-09-23T18:58:43Z
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