A rationale for infant-industry protection and gradual trade liberalization

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

A two-final-good, one-primary-factor, small-open endogenous growth model is constructed based on R and D. The model yields two steady states with different growth rates as potential equilibria. Depending on history and the external environment, the economy may fall into the poverty trap in free trade. However, a temporary trade policy can release the economy from the poverty trap. Moreover, the optimal trade policy is gradual trade liberalization with the rate of protection kept to a minimum.

Original languageEnglish
Pages (from-to)164-174
Number of pages11
JournalReview of Development Economics
Volume4
Issue number2
Publication statusPublished - 2000
Externally publishedYes

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trade liberalization
trade policy
liberalization
poverty
infant
endogenous growth
economy
free trade
industry
history
rate

ASJC Scopus subject areas

  • Development
  • Geography, Planning and Development

Cite this

A rationale for infant-industry protection and gradual trade liberalization. / Naito, Takumi.

In: Review of Development Economics, Vol. 4, No. 2, 2000, p. 164-174.

Research output: Contribution to journalArticle

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