Economic Development under Alternative Trade Regimes

Castro, Rui

dc.contributor.author	Castro, Rui
dc.date.accessioned	2006-09-22T19:56:37Z
dc.date.available	2006-09-22T19:56:37Z
dc.date.issued	2005
dc.identifier.uri	http://hdl.handle.net/1866/531
dc.format.extent	417280 bytes
dc.format.mimetype	application/pdf
dc.publisher	Université de Montréal. Département de sciences économiques.	fr
dc.subject	Economic Development
dc.subject	International Trade
dc.subject	Investment-Specific Technology
dc.subject	Quantitative Dynamic General Equilibrium
dc.subject	Incomplete Markets
dc.subject	[JEL:E13] Macroeconomics and Monetary Economics - General Aggregative Models - Neoclassical	en
dc.subject	[JEL:F43] International Economics - Macroeconomic Aspects of International Trade and Finance - Economic Growth of Open Economies	en
dc.subject	[JEL:O11] Economic Development, Technological Change, and Growth - Economic Development - Macroeconomic Analyses of Economic Development	en
dc.subject	[JEL:O30] Economic Development, Technological Change, and Growth - Technological Change; Research and Development - General	en
dc.subject	[JEL:E13] Macroéconomie et économie monétaire - Modèles généraux d'aggrégation - Macroéconomie néoclassique	fr
dc.subject	[JEL:F43] Économie internationale - Aspects macroéconomiques du commerce international et de la finance internationale - Croissance économique des économies ouvertes	fr
dc.subject	[JEL:O11] Développement économique, changement technologique et croissance - Développement économique - Analyse macroéconomique du développement économique	fr
dc.subject	[JEL:O30] Développement économique, changement technologique et croissance - Changement technologique - Généralités	fr
dc.title	Economic Development under Alternative Trade Regimes
dc.type	Article
dc.contributor.affiliation	Université de Montréal. Faculté des arts et des sciences. Département de sciences économiques
dcterms.abstract	How does openness affect economic development? This question is answered in the context of a dynamic general equilibrium model of the world economy, where countries have technological differences that are both sector-neutral and specific to the investment goods sector. Relative to a benchmark case of trade in credit markets only, consider (i) a complete restriction of trade, and (ii) a full liberalization of trade. The first change decreases the cross-sectional dispersion of incomes only slightly, and produces a relatively small welfare loss. The second change, instead, decreases dispersion by a significant amount, and produces a very large welfare gain.
dcterms.isPartOf	urn:ISSN:0709-9231
UdeM.VersionRioxx	Version publiée / Version of Record
oaire.citationTitle	Cahier de recherche
oaire.citationIssue	2005-02

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