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Priniti Panday 《Applied economics》2013,45(2):125-132
Using the theoretical framework of a simple general equilibrium model, this paper examines whether strategies aimed at protecting or promoting manufacturing industries indirectly taxed the agricultural and service sectors. A panel data set consisting of five South Asian countries over a 26 year time period is employed in the analysis. Three different estimation procedures are used to account for factors that are country specific and those that are common to all countries. The results indicate that the agricultural sector indirectly felt the brunt of the net protection provided to manufactures due to the ‘shifting of protection’ across sectors. The service sector, on the other hand, indirectly benefited from the general equilibrium spillover effects. 相似文献
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Priniti Panday 《International Advances in Economic Research》2005,11(4):417-432
This paper provides new insights in understanding the adjustments of the labor market to trade liberalization policies in
an economy producing tradeables and nontradeables. The results of the paper indicate that the short-run effects of trade liberalization
on wages, labor allocation and worker welfare is contingent on certain explicit production and demand conditions that exist
in an economy. The production condition is related to the slope of the labor demand curve in a given economy and the demand
condition is related to the difference in the cross-price elasticity of demand of nontradeables to the price of importables
and exportables. The necessary combination of these conditions needed for trade liberalization to be welfare improving in
the short run is explored. 相似文献
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