Trade Liberalization and Trade Adjustment Assistance /
Fung, K.C.
Trade Liberalization and Trade Adjustment Assistance / K.C. Fung, Robert W. Staiger. - Cambridge, Mass. National Bureau of Economic Research 1994. - 1 online resource: illustrations (black and white); - NBER working paper series no. w4847 . - Working Paper Series (National Bureau of Economic Research) no. w4847. .
September 1994.
We explore the relationship between trade adjustment subsidies and successful reciprocal trade liberalization. We consider economies that are faced with a periodic need to move resources out of a declining import-competing sector, and that are attempting to sustain cooperative but self-enforcing trade agreements in the face of these adjustment needs. If the limitations associated with enforcement of international trade agreements are sufficiently severe, trade adjustment assistance can facilitate reciprocal trade liberalization. We argue that this suggests a possible efficiency rationale for adjustment policies that treat resources differently when traded sectors are involved.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Trade Liberalization and Trade Adjustment Assistance / K.C. Fung, Robert W. Staiger. - Cambridge, Mass. National Bureau of Economic Research 1994. - 1 online resource: illustrations (black and white); - NBER working paper series no. w4847 . - Working Paper Series (National Bureau of Economic Research) no. w4847. .
September 1994.
We explore the relationship between trade adjustment subsidies and successful reciprocal trade liberalization. We consider economies that are faced with a periodic need to move resources out of a declining import-competing sector, and that are attempting to sustain cooperative but self-enforcing trade agreements in the face of these adjustment needs. If the limitations associated with enforcement of international trade agreements are sufficiently severe, trade adjustment assistance can facilitate reciprocal trade liberalization. We argue that this suggests a possible efficiency rationale for adjustment policies that treat resources differently when traded sectors are involved.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.