Gains From Trade in a Deficit-Ridden Economy - Further Analysis
Most economists consider the debate on free trade closed for all practical purposes. DLUHOSCH, FREYTAG and KRUEGER  criticize an earlier paper by BATRA and BELADI  and argue that freer trade has contributed to a rise in US growth of investment and social welfare. Using raw figures, unsullied by any theory, we demonstrate that the US rate of investment and real wages have sharply declined, while trade has grown in leaps and bounds.
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Volume (Year): 154 (1998)
Issue (Month): 4 (December)
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