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Manoilescu's Approach of "Losses of Trade": a Ricardian Interpretation

Author

Listed:
  • Nikolay Nenovsky

    (University of Picardie, CRIISEA, France)

  • Dominique Torre

    (University of Nice Sophia Antipolis, France)

Abstract

This paper contributes to a testament of the conclusions of Manoilescu, the validity of which we test analytically. We develop a model proving that the Manoilescu assumption can be integrated into a Ricardian setting. We find that in some cases, traditional domestic sectors should be protected, even if the law of comparative advantages suggests another solution.

Suggested Citation

  • Nikolay Nenovsky & Dominique Torre, 2018. "Manoilescu's Approach of "Losses of Trade": a Ricardian Interpretation," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 49-54, March.
    • Handle: RePEc:nwe:eajour:y:2018:i:1:p:49-54
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    Keywords

    theory of protectionism; gains from trade; economic though; Mihail Manoilescu;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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