Comparative Advantage and Optimal Trade Policy

The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its implications for how nations should conduct their trade policy. For example, should import sectors with weaker comparative advantage be protected more? Conversely, should export sectors with...

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Bibliographic Details
Main Authors: Costinot, Arnaud, Donaldson, David John, Vogel, Jonathan, Werning, Ivan
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:en_US
Published: Oxford University Press 2016
Online Access:http://hdl.handle.net/1721.1/104097
https://orcid.org/0000-0002-5503-297X
https://orcid.org/0000-0003-2370-5575