Unemployment and the Welfare Effects of Trade Policy

Udo Kreickemeier

Chapter 3 in International Trade and Labor Markets:Welfare, Inequality and Unemployment, 2017, pp 73-94 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter derives and compares the welfare effects of tariffs and import quotas in the presence of involuntary unemployment. The framework used is the standard model of a competitive small open economy with many goods and factors. Optimum levels of the respective trade policy instruments are derived, as well as welfare increasing reform strategies. In all cases, the labor intensity of the import competing sectors turns out to be a crucial variable for deriving the welfare effects.

Keywords: International Trade; Inequality; Labor Markets; Unemployment; Offshoring (search for similar items in EconPapers)
JEL-codes: J01 (search for similar items in EconPapers)
Date: 2017
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Related works:
Journal Article: Unemployment and the welfare effects of trade policy (2005)
Journal Article: Unemployment and the welfare effects of trade policy (2005)
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