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NEOCLASSICAL POLITICAL ECONOMY: AN APPLICATION TO TRADE POLICIES
Author(s) -
Quibria M. G.
Publication year - 1989
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/j.1467-6419.1989.tb00061.x
Subject(s) - economics , liberalization , free trade , politics , empirical evidence , perspective (graphical) , developing country , macroeconomics , commercial policy , international economics , international trade , market economy , political science , economic growth , law , philosophy , epistemology , artificial intelligence , computer science
Abstract. This paper starts with a review of the literature on ‘neoclassical’political economy and then goes on to apply this perspective to the issue of trade liberalization. In this connection, the paper critically discusses various political economy models which have been advanced to explain patterns of trade policies in both developed and developing countries and assesses them in light of recent empirical evidence. The paper also makes a brief review of the empirical planning studies which estimate the gains from trade liberalization.