International Trade and North-Sumatra’s Local Economy
نویسندگان
چکیده
منابع مشابه
The Political Economy of International Trade
One of the most salient changes in the world economy since 1980 has been the move toward freer trade among countries across the globe. How do existing theories about trade policy explain this puzzle? Three sets of explanations are prominent. First, many focus on changes in trade policy preferences among domestic actors, either societal groups or political leaders. Second, scholars examine chang...
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This paper develops a Ricardian model with money to study North-South trade that is mediated by the currency of the North. The model shows that an increase in the supply of Northern money results in inflation being “exported” to the South. The increase in the supply of Northern money also has real effects: (1) it transfers real resources from the South to the North, lowers the wage rate in the ...
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ژورنال
عنوان ژورنال: JEJAK
سال: 2018
ISSN: 2460-5123,1979-715X
DOI: 10.15294/jejak.v11i2.16055