Trade liberalization and welfare: Differentiated-good versus homogeneous-good markets

Hajime Takatsuka, Dao Zhi Zeng

研究成果: Article査読

11 被引用数 (Scopus)

抄録

In this paper, we examine the effects of liberalization on industrial location and national welfare in a framework of new economic geography. Specifically, we explicitly incorporate arbitrary trade costs in both differentiated-good and homogeneous-good sectors into a two-country model, and clarify the effects of trade-barrier reduction in each sector. We show that their impacts on welfare levels in the two countries are different, and, if an industry is liberalized while the other is protected, a conflict between the countries might occur. Therefore, appropriate liberalization in both sectors is effective to alleviate such a conflict.

本文言語English
ページ(範囲)308-325
ページ数18
ジャーナルJournal of the Japanese and International Economies
26
3
DOI
出版ステータスPublished - 2012 9

ASJC Scopus subject areas

  • 財務
  • 経済学、計量経済学
  • 政治学と国際関係論

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