GAINS FROM TRADE IN A DEFICIT-RIDDEN ECONOMY

Authors
BATRA R BELADI H
Citation
R. Batra et H. Beladi, GAINS FROM TRADE IN A DEFICIT-RIDDEN ECONOMY, JITE. Journal of institutional and theoretical economics, 152(3), 1996, pp. 540-554
Citations number
12
Categorie Soggetti
Economics
Journal title
JITE. Journal of institutional and theoretical economics → ACNP
ISSN journal
09324569
Volume
152
Issue
3
Year of publication
1996
Pages
540 - 554
Database
ISI
SICI code
0932-4569(1996)152:3<540:GFTIAD>2.0.ZU;2-F
Abstract
In this paper, we have utilized the well-familiar two sector general e quilibrium model of trade and modified it to incorporate the phenomeno n of trade deficits. In this context, we demonstrate that in the long- run, protected, but balanced trade may be superior to freer but defici t-ridden trade.