IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v65y1989i188p27-31.html
   My bibliography  Save this article

Terms of Trade and Welfare: A General Analysis

Author

Listed:
  • Lahiri, Sajal
  • Ono, Yoshiyasu

Abstract

The authors develop a necessary and a sufficient condition for an improvement in terms of trade to reduce welfare under a general setting, which can accommodate various types of market structures and trade distortions. They also apply the conditions to two specific cases, viz., export subsidies and the existence of monopoly in a nontradeable sector. It is found that a rise in price for an exportable commodity that is subsidized may well reduce welfare. Also, improvements in terms of trade may well harm the economy if there is a nontradeable monopoly sector. Copyright 1989 by The Economic Society of Australia.

Suggested Citation

  • Lahiri, Sajal & Ono, Yoshiyasu, 1989. "Terms of Trade and Welfare: A General Analysis," The Economic Record, The Economic Society of Australia, vol. 65(188), pages 27-31, March.
  • Handle: RePEc:bla:ecorec:v:65:y:1989:i:188:p:27-31
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ravi Batra & Hamid Beladi & Reza Oladi, 2013. "Technical Progress and Real Wages Once again," Review of International Economics, Wiley Blackwell, vol. 21(3), pages 506-518, August.
    2. Baomin Dong & Lasheng Yuan, 2010. "The Loss from Trade under International Cournot Oligopoly with Cost Asymmetry," Review of International Economics, Wiley Blackwell, vol. 18(5), pages 818-831, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:65:y:1989:i:188:p:27-31. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley Content Delivery) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/esausea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.