Endogenous trade policy: Political struggle in the growth process

Yoshiaki Sugimoto, Masao Nakagawa

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

This paper develops a dynamic theory that accounts for the evolution of trade policy, underlying internal class conflicts, and output growth performance. Analysis of political responses to the distributional effects of international trade reveals that economies with a comparative advantage in manufacturing may reach a developed stage through the ebb and flow of protectionism. This nonmonotonic evolution of trade policy is consistent with the historical experience of Western Europe over the last few centuries.

Original languageEnglish
Pages (from-to)12-29
Number of pages18
JournalStructural Change and Economic Dynamics
Volume22
Issue number1
DOIs
Publication statusPublished - 2011 Feb
Externally publishedYes

Keywords

  • Class conflict
  • Growth
  • Trade policy

ASJC Scopus subject areas

  • Economics and Econometrics

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