Trade Preferences and Political Equilibrium Associated with Trade Liberalization

  title={Trade Preferences and Political Equilibrium Associated with Trade Liberalization},
  author={Shoya Ishimaru and S. H. Oh and Seung-Gyu Sim},
  journal={International Political Economy: Trade Policy eJournal},
  • Shoya Ishimaru, S. H. Oh, Seung-Gyu Sim
  • Published 2014
  • Economics
  • International Political Economy: Trade Policy eJournal
  • ABSTRACTThis paper, motivated by the so-called North–South problem in trade, analyzes ex ante trade preferences and the source of potential political conflicts regarding trade liberalization. Developing a dynamic extension of the traditional Heckscher–Ohlin model with imperfect labor mobility and tracking overall dynamic paths from the autarky to free-trade steady states, we demonstrate that in the presence of inter-sectoral migration barrier, bilateral free-trade agreements can be welcomed… CONTINUE READING
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