Modelling the effects of protection in a dynamic framework |
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| Authors: | Jaime AP De Melo Kemal Dervis |
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| Institution: | Georgetown University, Washington, DC 20007, U.S.A.;Princeton University, Woodrow Wilson School, Princeton, NJ 08540, U.S.A. |
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| Abstract: | The effects of alternative trade strategies on development performance are analyzed using a small, dynamic, computable general equilibrium model. The static allocation costs of protection are quantitatively weighed against the dynamic benefits resulting from heterogenous capital goods and imperfect foresight. An attempt at quantifying the effects of protection on employment and savings behavior is made by using submodels specifying distortions in labor-markets and alternative savings functions. |
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