Protection, International Trade and Growth

Authors

  • Rolf R. Mantel Centro de Estudios Macroeconómicos de Argentina y Consejo Nacional de Investigaciones Científicas y Técnicas, Argentina image/svg+xml
  • Ana María Martirena-Mantel Instituto Torcuato Di Tella y Consejo Nacional de Investigaciones Científicas y Técnicas, Argentina image/svg+xml

Keywords:

trade liberalization, optimal growth, protection, income distribution, small open economy

Abstract

The goal of this paper is to investigate the dynamics of a trade liberalization policy by using an optimizing approach. The following questions are raised: How, starting from a highly protective (distorted) situation that is called the statu-quo of disaster, may a small economy be guided along an optimal path? And what properties do the transition paths to the social optimum have? Once the socially optimal solution has been determined, its implementation is constrained to satisfy an income distribution restriction (compensated leveling scheme) in order to reach conditions resembling those of free trade.

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Published

1988-04-30

How to Cite

Mantel, R. R., & Martirena-Mantel, A. M. (1988). Protection, International Trade and Growth. Economic Analysis Review, 3(1), 3–39. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/277

Issue

Vol. 3 No. 1 (1988)

Section

Articles

License

Copyright (c) 1988 Rolf R. Mantel, Ana María Martirena-Mantel

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

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