Premium
Multiple Policy Goals in a Trade Model with Explicit Factor Markets
Author(s) -
Gunter Lewell F.,
Jeong Ki Hong,
White Fred C.
Publication year - 1996
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1243705
Subject(s) - protectionism , offset (computer science) , production (economics) , international economics , distribution (mathematics) , economics , international trade , trade barrier , commercial policy , industrial organization , business , microeconomics , computer science , programming language , mathematical analysis , mathematics
As trade protectionism has been reduced through multilateral agreements, concerns have been raised about competitiveness effects of cross‐country differences in environmental and labor standards. Costs associated with decreased competitiveness are distributed across consumers and the various providers of inputs used in the production of affected commodities. In this paper we present a trade model which can be used to help quantify the magnitude and distribution of costs associated with changes in input regulations. The model can also be used to identify levels of policies required to offset or redistribute costs associated with regulations which reduce international competitiveness.