A rationale for infant-industry protection and gradual trade liberalization

Takumi Naito*

*この研究の対応する著者

研究成果: Article査読

1 被引用数 (Scopus)

抄録

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.

本文言語English
ページ(範囲)164-174
ページ数11
ジャーナルReview of Development Economics
4
2
DOI
出版ステータスPublished - 2000 1 1
外部発表はい

ASJC Scopus subject areas

  • 地理、計画および開発
  • 開発

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