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Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition


  • Harris, Richard


An applied general equilibrium model of a small open economy is described. The model incorporates industrial organization structures heretofore absent from applied G.E. trade models. Scale economies, product differentiation and explicit price setting are novel model features. Some illustrative results for trade liberalization policies are given for a 1976 Canadian data set and contrasted with a conventional constant returns neoclassical model on the same data set. Results from the alternative models differ significantly.
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  • Harris, Richard, 1984. "Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition," American Economic Review, American Economic Association, vol. 74(5), pages 1016-1032, December.
  • Handle: RePEc:aea:aecrev:v:74:y:1984:i:5:p:1016-32

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    References listed on IDEAS

    1. Cox, Charles C, 1980. "The Enforcement of Public Price Controls," Journal of Political Economy, University of Chicago Press, vol. 88(5), pages 887-916, October.
    2. John Folger & Charles Nam, 1964. "Educational trends from census data," Demography, Springer;Population Association of America (PAA), vol. 1(1), pages 247-257, March.
    3. Zvi Griliches, 1961. "Hedonic Price Indexes for Automobiles: An Econometric of Quality Change," NBER Chapters,in: The Price Statistics of the Federal Goverment, pages 173-196 National Bureau of Economic Research, Inc.
    4. Chiswick, Barry R, 1978. "The Effect of Americanization on the Earnings of Foreign-born Men," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 897-921, October.
    5. Robert H. Rasche & John A. Tatom, 1977. "Energy resources and potential GNP," Review, Federal Reserve Bank of St. Louis, issue Jun, pages 10-24.
    6. Friedman, Milton, 1974. "A Bias in Current Measures of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 431-432, Part I, M.
    7. Walter Y. Oi, 1962. "Labor as a Quasi-Fixed Factor," Journal of Political Economy, University of Chicago Press, vol. 70, pages 538-538.
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