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Fish Trade Liberalization Under 21st Century Trade Agreements: The CETA and Newfoundland and Labrador Fish and Seafood Industry

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  • Sabau, Gabriela
  • Boksh, F.I.M. Muktadir

Abstract

Both classical (Ricardo) and neo-classical (Heckscher-Ohlin) theories of international trade assume that free trade results in welfare gains for all involved. A more recent literature dedicated to liberalization of trade in renewable resources finds that welfare effects depend on certain factors, such as the country's status as importer or exporter, the state of the renewable resource stocks and the size of the country on the world market (Chichilnisky, 1993; Brander and Taylor, 1997a; Emami and Johnston, 2000, Hannesson, 2000), or remain theoretically indeterminate and require empirical analysis (Nielsen, 2009).

Suggested Citation

  • Sabau, Gabriela & Boksh, F.I.M. Muktadir, 2017. "Fish Trade Liberalization Under 21st Century Trade Agreements: The CETA and Newfoundland and Labrador Fish and Seafood Industry," Ecological Economics, Elsevier, vol. 141(C), pages 222-233.
    • Handle: RePEc:eee:ecolec:v:141:y:2017:i:c:p:222-233
    DOI: 10.1016/j.ecolecon.2017.04.025
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