Trade Policy: Home Market Effect Vs. Terms of Trade Externality
نویسندگان
چکیده
منابع مشابه
Productivity Spillovers, Terms of Trade and the ’Home Market Effect’
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By Gordon H. Hanson and Chong Xiang Abstract. We develop a monopolistic-competition model of trade with many industries to examine how home-market effects vary with industry characteristics. Industries with high transport costs and more differentiated products tend to be more concentrated in large countries than industries with low transport costs and less differentiated products. We test this ...
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Does national market size matter for industrial structure? This has been suggested by theoretical work on "home market" effects. In the present paper, I show that what previously was regarded as an assumption of conveniencetransport costs only for the differentiated goods-matters a great deal. In afocal case in which differentiated and homogeneous goods have identical transport costs, the home ...
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South African trade policy has exerted a major influence on the composition and aggregate growth of trade. In the Apartheid period, trade protection seriously impeded both exports and imports, and the economy depended on favorable global commodity price trends to avoid running into an external constraint. South Africa developed a comparative advantage in capital-intensive primary and manufactur...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1483631