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Multilateral trade liberalization and public goods provision in a North-South trade model with nonhomothetic preferences
Economics and Business Letters
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| Title |
Multilateral trade liberalization and public goods provision in a North-South trade model with nonhomothetic preferences
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| Creator |
Stibora, Joachim
de Vaal, Albert |
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| Description |
Nonhomothetic preferences imply that developing countries are less likely to gain from multilateral trade liberalization than developed countries. This paper shows that this relative disadvantage for developing countries changes when effects on public good provision are taken into account. The direction of the change depends on the strength of their comparative advantage in export markets. We show that a strong (weak) comparative advantage in export markets mitigates (reinforces) the relative disadvantage of multilateral trade liberalization for developing countries. Moreover, in the presence of public goods provision, the relative disadvantage for developing countries with a strong comparative advantage is further mitigated when income differences within countries are also taken into account.
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| Publisher |
Oviedo University Press
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| Contributor |
—
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| Date |
2012-09-06
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/9403
10.17811/ebl.1.2.2012.27-36 |
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| Source |
Economics and Business Letters; Vol 1, No 2 (2012): June; 27-36
Economics and Business Letters; Vol 1, No 2 (2012): June; 27-36 2254-4380 10.17811/ebl.1.2.2012 |
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| Language |
eng
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| Relation |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/9403/9381
http://www.unioviedo.es/reunido/index.php/EBL/article/downloadSuppFile/9403/56 http://www.unioviedo.es/reunido/index.php/EBL/article/downloadSuppFile/9403/65 |
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| Rights |
Copyright (c) 2014 Economics and Business Letters
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