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- W3121519310 abstract "Abstract Expectation about future trade liberalization induces sectoral adjustment in advance. As a result, the extent of opposition to trade liberalization decreases, and liberalization becomes self‐fulfilling. We analyze this mechanism from two aspects: population aging and uncertainty. Then, we show that (1) the effect of expectation formation is non‐monotonic across ages, and (2) the effect of population aging of workforce varies depending on its driving force. In addition, we analyze uncertainty about future trade liberalization. Then, we show that (3) the mechanism cannot work due to strategic delay even under small uncertainty, but (4) a subsidy scheme can resolve this problem." @default.
- W3121519310 created "2021-02-01" @default.
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- W3121519310 date "2018-01-24" @default.
- W3121519310 modified "2023-10-12" @default.
- W3121519310 title "When trade liberalization is self-fulfilling: Population aging and uncertainty" @default.
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- W3121519310 doi "https://doi.org/10.1111/ecpo.12108" @default.
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