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- W2108853693 abstract "This paper considers the effects of trade policy in industries which are imperfectly competitive, and in which there is an input-output structure, creating vertical linkages between firms. Two models are presented, one based on Cournot oligopoly and the other on Dixit-Stiglitz product differentiation. In both models it may be the case that trade liberalisation triggers a dramatic expansion of output and possibly also a reduction in imports. This arises as import liberalisation lowers costs in downstream industries, expanding their output, and triggering a ‘big push’ of industrialisation." @default.
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- W2108853693 date "1996-04-01" @default.
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- W2108853693 title "Trade policy, cumulative causation, and industrial development" @default.
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- W2108853693 doi "https://doi.org/10.1016/0304-3878(95)00058-5" @default.
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