Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
962363 | Journal of International Economics | 2011 | 14 Pages |
Abstract
⺠We develop a dynamic OLG model of trade policy. ⺠Both generations of heterogeneous workers vote each period. ⺠We find two stable policy paths: one protectionist and the other liberal. ⺠Transition may be induced by announcements, education subsidies, or external policy, but not by transfers. ⺠Proposed reform needs to be sufficiently large for transition to be feasible.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Emily Blanchard, Gerald Willmann,