Timing of protectionism

Aurora Gómez Galvarriato () and Cesar Guerrero-Luchtenberg
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Aurora Gómez Galvarriato: CIDE
Cesar Guerrero-Luchtenberg: Universidad de Alicante

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: Recent history gives us evidence of the different timing and results of the opening up of several economies. We present a model to explain this divergence. Accordingly with this evidence, we show that, provided the government prefers more competition than less competition irrespective of the .rms. nationality, essentially three concepts explain everything: The agent' degree of impatience, the gap between the domestic and the foreign technologies and the costs due to the political environment. In sharp contrast to the existing literature, we show that a temporal protectionism can be time consistent, and domestic firms adopt new technologies under it.

Keywords: Temporal Protectionism; Time Consistency; Bankruptcies (search for similar items in EconPapers)
JEL-codes: C72 F12 O14 (search for similar items in EconPapers)
Pages: 71 pages
Date: 2010-01
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2010-03

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