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- W2098551410 abstract "The paper develops a two-good, small-country, general equilibrium trade model with endogenous labour supply, where trade is restricted by a tariff or an import quota. Within this framework, it is shown that, contrary to Anam (1989), under an import quota domestic and world prices may vary in the same direction. This is due to the possibly positive employment effects of terms of trade shocks. In such a case, compared to fixed labour supply, variable labour supply is likely to make the domestic prices less sensitive to foreign price volatility." @default.
- W2098551410 created "2016-06-24" @default.
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- W2098551410 date "2000-10-01" @default.
- W2098551410 modified "2023-09-27" @default.
- W2098551410 title "Terms of Trade Shocks and Domestic Prices under Tariffs and Quotas: A Note" @default.
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