Estimating the Gains from Less Distorted Agricultural Trade

A review of recent research suggests that conventional trade models grossly underestimate the country and global gains from trade liberalization. They typically ignore potential sources of gains such as economies of scale; reduced costs of evasion, rent-seeking and lobbying; and X-efficiency associated with competitive trade. Improved estimates of welfare gains should be high on trade economists' research priority list.


Issue Date:
1987
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/51386
Total Pages:
14
Series Statement:
Working Paper
87-1




 Record created 2017-04-01, last modified 2017-08-25

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