Trade Imbalance and Domestic Market Competition Policy
AbstractThis study investigates the effect of a country's suppression of competition in its market for nontradables. It assumes that the initial equilibrium is stationary and demonstrates that if competition is suppressed in a small country, the country's trade surplus increases in the short run. In the large country case, the same change creates an excess demand for future tradables and affects the relative price between present and future tradables. Using a two-country model, the study shows that this price change redistributes real wealth from the country with a trade deficit to the country with a trade surplus.
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Bibliographic InfoArticle provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.
Volume (Year): 42 (2001)
Issue (Month): 3 (August)
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Web page: http://www.econ.upenn.edu/ier
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- Yano, Makoto & Honryo, Takakazu, 2010. "Trade imbalances and harmonization of competition policies," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 438-452, July.
- Joseph Clougherty & Anming Zhang, 2005.
"Export orientation and domestic merger policy: theory and some empirical evidence,"
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- Joseph A. Clougherty & Anming Zhang, 2004. "Export Orientation and Domestic Merger Policy: Theory and Some Empirical Evidence," CIG Working Papers SP II 2004-10, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Rui Ota, 2006. "Adjustability in production and dynamic effects of domestic competition policy," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 15(4), pages 431-439.
- Joseph A. Clougherty, 2004. "Antitrust Holdup Source, Cross-National Institutional Variation, and Corporate Political Strategy Implications for Domestic Mergers in a Global Context," CIG Working Papers SP II 2004-09, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Joseph A. Clougherty, 2003. "Industry Trade-Balance and Domestic Merger Policy: Some Empirical Evidence from the U.S," CIG Working Papers SP II 2003-19, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Ma, Yan, 2009. "Trade theorems in a model of vertical production chain," International Review of Economics & Finance, Elsevier, vol. 18(1), pages 70-80, January.
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