Trade Policy Reform as Institutional Reform

  title={Trade Policy Reform as Institutional Reform},
  author={Dani Rodrik},
  • Dani Rodrik
  • Published 2000
Economists are trained to think about trade policy reform in terms of changes in the levels of tariffs (t) and quantitative restrictions ( q ), and the shifts in relative prices brought about by these alterations. They use economic models, supplemented by quantitative estimates of elasticities, to analyze the implications of changes in t and q for production, consumption, and trade. By tweaking their models sufficiently, they can also predict the likely impacts on employment, poverty and… CONTINUE READING
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