Arbeitspapier
Income effects and trade agreements
This paper considers trade agreements in a sufficiently general framework to encompass both imperfectly competitive market structures and income effects in government objectives. We show that governments choose globally efficient policies if they act as if they do not value the impact of their policies on their terms of trade. The results confirm that additional international externalities that arise in imperfectly competitive settings are the result of government failure to equate markups between sectors with domestic policies, not demandside factors.
- ISBN
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978-615-5594-52-6
- Sprache
-
Englisch
- Erschienen in
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Series: IEHAS Discussion Papers ; No. MT-DP - 2016/16
- Klassifikation
-
Wirtschaft
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Trade Policy; International Trade Organizations
Economic Integration
- Thema
-
trade agreements
income effects
non-homothetic preferences
- Ereignis
-
Geistige Schöpfung
- (wer)
-
DeRemer, David R.
- Ereignis
-
Veröffentlichung
- (wer)
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Hungarian Academy of Sciences, Institute of Economics
- (wo)
-
Budapest
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- DeRemer, David R.
- Hungarian Academy of Sciences, Institute of Economics
Entstanden
- 2016