IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY

Detalhes bibliográficos
Autor(a) principal: Bittencourt, Mauricio Vaz Lobo
Data de Publicação: 2014
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/22303
Resumo: This paper examines the effects of agricultural and nonagricultural trade policy changes in the Brazilian economy using a computable general equilibrium model (CGE). An extended Salter-Swan model is employed to verify if the Stolper-Samuelson theorem (SST) holds after having a trade barrier removed and the consequences in terms of prices, production and resources allocation. Results show that the Stolper-Samuelson hypothesis is reversed when imports and domestic goods are poor substitutes. Reduction in import tariff increases national income, which implies that inappropriate trade policy adjustments can stand in the way of promoting rapid and equitable economic growth. Further, our results show that changes in relative factor prices in Brazil depend not only on changes in commodity prices, as in the SST, but also on changes in the balance of trade and factor endowments. This study mainly proposed to verify a specific result from a theoretical trade model, which makes important to stress the carefulness about the empirical results obtained to the Brazilian trade policies.
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spelling IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORYIMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORYStolper-Samuelson theoremCGE modelTrade distortionC68F14O54Stolper-Samuelson theoremCGE modelTrade distortionC68F14O54This paper examines the effects of agricultural and nonagricultural trade policy changes in the Brazilian economy using a computable general equilibrium model (CGE). An extended Salter-Swan model is employed to verify if the Stolper-Samuelson theorem (SST) holds after having a trade barrier removed and the consequences in terms of prices, production and resources allocation. Results show that the Stolper-Samuelson hypothesis is reversed when imports and domestic goods are poor substitutes. Reduction in import tariff increases national income, which implies that inappropriate trade policy adjustments can stand in the way of promoting rapid and equitable economic growth. Further, our results show that changes in relative factor prices in Brazil depend not only on changes in commodity prices, as in the SST, but also on changes in the balance of trade and factor endowments. This study mainly proposed to verify a specific result from a theoretical trade model, which makes important to stress the carefulness about the empirical results obtained to the Brazilian trade policies.This paper examines the effects of agricultural and nonagricultural trade policy changes in the Brazilian economy using a computable general equilibrium model (CGE). An extended Salter-Swan model is employed to verify if the Stolper-Samuelson theorem (SST) holds after having a trade barrier removed and the consequences in terms of prices, production and resources allocation. Results show that the Stolper-Samuelson hypothesis is reversed when imports and domestic goods are poor substitutes. Reduction in import tariff increases national income, which implies that inappropriate trade policy adjustments can stand in the way of promoting rapid and equitable economic growth. Further, our results show that changes in relative factor prices in Brazil depend not only on changes in commodity prices, as in the SST, but also on changes in the balance of trade and factor endowments. This study mainly proposed to verify a specific result from a theoretical trade model, which makes important to stress the carefulness about the empirical results obtained to the Brazilian trade policies.UFRGS2014-03-28info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/2230310.22456/2176-5456.22303Análise Econômica; Vol. 32 No. 61 (2014): março de 2014Análise Econômica; v. 32 n. 61 (2014): março de 20142176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSenghttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/22303/28697Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessBittencourt, Mauricio Vaz Lobo2014-04-30T20:22:31Zoai:seer.ufrgs.br:article/22303Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2014-04-30T20:22:31Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY
IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY
title IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY
spellingShingle IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY
Bittencourt, Mauricio Vaz Lobo
Stolper-Samuelson theorem
CGE model
Trade distortion
C68
F14
O54
Stolper-Samuelson theorem
CGE model
Trade distortion
C68
F14
O54
title_short IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY
title_full IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY
title_fullStr IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY
title_full_unstemmed IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY
title_sort IMPACTS OF IMPORT TARIFF REMOVAL AND CHANGES IN INTERNATIONAL PRICES ON THE APPLICABILITY OF THE TRADITIONAL HOS TRADE THEORY
author Bittencourt, Mauricio Vaz Lobo
author_facet Bittencourt, Mauricio Vaz Lobo
author_role author
dc.contributor.author.fl_str_mv Bittencourt, Mauricio Vaz Lobo
dc.subject.por.fl_str_mv Stolper-Samuelson theorem
CGE model
Trade distortion
C68
F14
O54
Stolper-Samuelson theorem
CGE model
Trade distortion
C68
F14
O54
topic Stolper-Samuelson theorem
CGE model
Trade distortion
C68
F14
O54
Stolper-Samuelson theorem
CGE model
Trade distortion
C68
F14
O54
description This paper examines the effects of agricultural and nonagricultural trade policy changes in the Brazilian economy using a computable general equilibrium model (CGE). An extended Salter-Swan model is employed to verify if the Stolper-Samuelson theorem (SST) holds after having a trade barrier removed and the consequences in terms of prices, production and resources allocation. Results show that the Stolper-Samuelson hypothesis is reversed when imports and domestic goods are poor substitutes. Reduction in import tariff increases national income, which implies that inappropriate trade policy adjustments can stand in the way of promoting rapid and equitable economic growth. Further, our results show that changes in relative factor prices in Brazil depend not only on changes in commodity prices, as in the SST, but also on changes in the balance of trade and factor endowments. This study mainly proposed to verify a specific result from a theoretical trade model, which makes important to stress the carefulness about the empirical results obtained to the Brazilian trade policies.
publishDate 2014
dc.date.none.fl_str_mv 2014-03-28
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/22303
10.22456/2176-5456.22303
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/22303
identifier_str_mv 10.22456/2176-5456.22303
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/22303/28697
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 32 No. 61 (2014): março de 2014
Análise Econômica; v. 32 n. 61 (2014): março de 2014
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
_version_ 1799766267039580160

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