Estimating the Gains from Less Distorted Agricultural Trade
Jerry A. Sharples
No 51386, Working Papers from International Agricultural Trade Research Consortium
Abstract:
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.
Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 14
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iatrwp:51386
DOI: 10.22004/ag.econ.51386
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