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Trade Policy, Cumulative Causation, and Industrial Development.

Abstract:

This paper considers the effects of trade policy in industries which are imperfectly competitive, and in which there is an input-output structure, creating vertical linkages between firms. Two models are presented, one based on Cournot oligopoly and the other on Dixit-Stiglitz product differentiation. In both models it may be the case that trade liberalization triggers a dramatic expansion of output and possibly also a reduction in imports. This arises as import liberalization lowers costs in...

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Journal:
Journal of Development Economics More from this journal
Volume:
49
Publication date:
1996-01-01
ISSN:
0304-3878
Language:
English
UUID:
uuid:d4a7f79a-d8f9-458a-8cba-9253f7ff0fba
Local pid:
oai:economics.ouls.ox.ac.uk:10876
Deposit date:
2011-08-16

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