Industrial subsidy policy and the optimal level of specialization

• المؤلفون الرئيسيون: Dubey, Ram Sewak, Kang, Minwook
• مؤلفون آخرون: School of Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2022
• الموضوعات: Social sciences::Economic development; Comparative Advantage; Complete Specialization
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/155143
• المؤسسة: Nanyang Technological University

Despite compelling rationale based on the theory of comparative advantage for free trade, many countries adopt restrictive trade practices. In this paper we investigate this puzzle in a stylized two-country two-good Ricardian model of international trade. Governments can offer protection to domestic...