Search Results

SORT BY: PREVIOUS / NEXT
Keywords:welfare gains from trade 

Journal Article
TFP, Capital Deepening, and Gains from Trade

Using a dynamic, multicountry model with capital accumulation, we compute the exact transition paths for 93 countries following a permanent, uniform, unanticipated trade liberalization and calculate the resulting welfare gains from trade. We find that while the dynamic gains are different across countries, consumption transition paths look similar except for scale. In addition, dynamic gains accrue gradually and are about 60 percent of steady-state gains for everycountry. Finally, the contribution of capital accumulation to dynamic gains is four times that of total factor productivity.
Review , Volume 105 , Issue 3 , Pages 150-176

FILTER BY Bank

FILTER BY Series

Review 1 items

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

E22 1 items

F11 1 items

O11 1 items

PREVIOUS / NEXT