The dynamics of trade integration and the political value of commitment

被引：1
|
作者：
Hefeker, C
Gros, D
机构：
[1] Univ Basel, WWZ, CH-4003 Basel, Switzerland
[2] Ctr European Policy Studies, Brussels, Belgium
来源：
OXFORD ECONOMIC PAPERS-NEW SERIES | 2000年 / 52卷 / 02期
关键词：
D O I：
10.1093/oep/52.2.398
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper analyzes the importance of credible institutions in the process of trade liberalization. It combines aspects of credible policy announcements with adjustment costs. We show that if industries' profits are subject to adjustment costs, a dynamic link between periods arises that creates constituencies for a non-discretionary trade policy regime. The conditions for a government to select such an institutional solution are derived.
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页码：398 / 414
页数：17
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