Endogeneous Distribution and the Political Economy of Trade Policy
This paper examines the political economy of trade policy in the context of a small open economy, when factor ownerships are variable. The median voter hypothesis is used. In the long run, both trade protection and distribution of wealth and income are endogenous, and the paper investigates how these are affected by basic parameters like terms of trade and technology.
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|Date of creation:||08 Sep 1999|
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4149, National Bureau of Economic Research, Inc.
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- Piketty, Thomas, 1997. "The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing," Review of Economic Studies, Wiley Blackwell, vol. 64(2), pages 173-89, April.
- Alesina, Alberto & Rodrik, Dani, 1994.
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- Levy, Philip I, 1997. "A Political-Economic Analysis of Free-Trade Agreements," American Economic Review, American Economic Association, vol. 87(4), pages 506-19, September.
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