Short-Run Adjustments in Taiwan to Free Trade in a Multisector Specific Factors Model

Peter Chow, Ozcan Ozturk and Henry Thompson

The International Trade Journal, 2023, vol. 37, issue 6, 595-607

Abstract: While Taiwan developed due to progress toward free trade, slowing growth since the 1990s has revived protectionism as trade agreements falter worldwide. The present study contributes to the ongoing debate examining the short-run income redistribution due to unilateral free trade in an applied specific factors model with 77 industries. The simulations reveal considerable declines in the returns to capital in the import competing industries relative to other industries, a moderate wage increase, and a negligible impact on the price of natural resource inputs. The short-run adjustments to immigration and foreign direct investment are also examined.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/08853908.2022.2090463 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:uitjxx:v:37:y:2023:i:6:p:595-607

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/uitj20

DOI: 10.1080/08853908.2022.2090463

Access Statistics for this article

The International Trade Journal is currently edited by George R. G. Clarke

More articles in The International Trade Journal from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().