Does The Stolper-Samuelson Theorem Hold With Less Trade Distortion?: A Computable General Equilibrium
This paper examines the effects of agricultural trade policy changes in the Brazilian agriculture using CGE model. An extended Salter-Swan model is employed to verify if the Stolper-Samuelson theorem holds and the consequences in terms of prices, production and resources allocation. Results show that the Stolper-Samuelson hypothesis is reversed when imports and domestic goods are poor substitutes. The reduction in the import tariff increases national income, implying that inappropriate trade policy adjustments can stand in the way of promoting rapid and equitable growth of the economy.
|Date of creation:||2003|
|Contact details of provider:|| Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202|
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page: http://www.aaea.org
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Andrea Cattaneo, 2001. "Deforestation in the Brazilian Amazon: Comparing the Impacts of Macroeconomic Shocks, Land Tenure, and Technological Change," Land Economics, University of Wisconsin Press, vol. 77(2), pages 219-240.
- Gopinath, Munisamy & Roe, Terry L., 1999.
"Modeling inter-sectoral growth linkages: An application to U.S. agriculture,"
Blackwell, vol. 21(2), pages 131-144, October.
- Gopinath, Munisamy & Roe, Terry L., 1999. "Modeling inter-sectoral growth linkages: An application to U.S. agriculture," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 21(2), October.
- Thierfelder, Karen & Robinson, Sherman, 2002. "Trade and tradability," TMD discussion papers 93, International Food Policy Research Institute (IFPRI).
- Davies, Rob & Rattso, Jorn & Torvik, Ragnar, 1998. "Short-Run Consequences of Trade Liberalization: A Computable General Equilibrium Model of Zimbabwe," Journal of Policy Modeling, Elsevier, vol. 20(3), pages 305-333, June.
- Ronald W. Jones, 1965. "The Structure of Simple General Equilibrium Models," Journal of Political Economy, University of Chicago Press, vol. 73, pages 557-557.
- Wen Li Cheng & Jeffrey Sachs & Xiaokai Yang, 2005. "A General-Equilibrium Re-Appraisal Of The Stolper-Samuelson Theorem," World Scientific Book Chapters, in: An Inframarginal Approach To Trade Theory, chapter 8, pages 131-149 World Scientific Publishing Co. Pte. Ltd..
- Wen Cheng & Jeffrey Sachs & Xiaokai Yang, 2000. "A general-equilibrium re-appraisal of the Stolper-Samuelson theorem," Journal of Economics, Springer, vol. 72(1), pages 1-18, February.
- Hertel, Thomas W., 2002. "Applied general equilibrium analysis of agricultural and resource policies," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 2, chapter 26, pages 1373-1419 Elsevier.
- Thomas W. Hertel, 1999. "Applied General Equilibrium Analysis of Agricultural and Resource Policies," GTAP Working Papers 297, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
- Lloyd, Peter, 2000. "Generalizing the Stolper-Samuelson Theorem: A Tale of Two Matrices," Review of International Economics, Wiley Blackwell, vol. 8(4), pages 597-613, November.
- Robinson, Sherman & Thierfelder, Karen, 1999. "A note on taxes, prices, wages, and welfare in general equilibirium models:," TMD discussion papers 39, International Food Policy Research Institute (IFPRI).
- Rassekh, Farhad & Thompson, Henry, 1997. "Adjustment in General Equilibrium: Some Industrial Evidence," Review of International Economics, Wiley Blackwell, vol. 5(1), pages 20-31, February.
- Löfgren, Hans & Harris, Rebecca Lee & Robinson, Sherman, 2001. "A standard computable general equilibrium (CGE) model in GAMS," TMD discussion papers 75, International Food Policy Research Institute (IFPRI).
- Bautista, Romeo M. & Robinson, Sherman & Tarp, Finn & Wobst, Peter, 1998. "Policy bias and agriculture: partial and general equilibrium measures," TMD discussion papers 25, International Food Policy Research Institute (IFPRI).
- Bautista, Romeo M. & Robinson, Sherman & Tarp, Finn & Wobst, Peter, 2001. "Policy Bias and Agriculture: Partial and General Equilibrium Measures," MPRA Paper 29473, University Library of Munich, Germany.
- Romeo M. Bautista & Sherman Robinson & Finn Tarp & Peter Wobst, 2001. "Policy Bias and Agriculture: Partial and General Equilibrium Measures," Review of Development Economics, Wiley Blackwell, vol. 5(1), pages 89-104, 02.
- Cattaneo, Andrea & Ojeda, Raul A. Hinojosa- & Robinson, Sherman, 1999. "Costa Rica trade liberalization, fiscal imbalances, and macroeconomic policy: a computable general equilibrium model," The North American Journal of Economics and Finance, Elsevier, vol. 10(1), pages 39-67. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:ags:aaea03:22173. 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: (AgEcon Search)
If references are entirely missing, you can add them using this form.