Gains From Trade in a Deficit-Ridden Economy - Further Analysis

Ravi Batra and Hamid Beladi

Journal of Institutional and Theoretical Economics (JITE), 1998, vol. 154, issue 4, 688-

Abstract: Most economists consider the debate on free trade closed for all practical purposes. DLUHOSCH, FREYTAG and KRUEGER [1998] criticize an earlier paper by BATRA and BELADI [1996] and argue that freer trade has contributed to a rise in US growth of investment and social welfare. Using raw figures, unsullied by any theory, we demonstrate that the US rate of investment and real wages have sharply declined, while trade has grown in leaps and bounds.

JEL-codes: F10 F41 (search for similar items in EconPapers)
Date: 1998
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