Gradualism and dynamic trade adjustment: Revisiting the pro-trade effect of free trade agreements |
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| Authors: | Benjamin Jung |
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| Affiliation: | Economics Department, Eberhard Karls University Tübingen, 72074 Tübingen, Germany |
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| Abstract: | Do pro-trade effects of free trade agreements reflect timing of policy or dynamic trade adjustment? Only the latter involves dynamic welfare gains. I find that dynamic trade adjustment is as important as the immediate impact effect of free trade agreements. |
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| Keywords: | F14 F15 |
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