A note on the economics of the duty free zone |
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Authors: | Carlos Alfredo Rodriguez |
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Affiliation: | Columbia University, New York, NY 10027, U.S.A. |
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Abstract: | This note extends some of the results of Hamada (1974) on the economic effects of a duty free zone. It is shown that, in the presence of factor mobility between the duty free zone and the rest of the economy, the final equilibrium will yield the same trade pattern which would have prevailed under free trade; moreover, all of the trade will be done by the duty free zone. |
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