TY  - JOUR
AU  - Baldwin,Richard
TI  - Measureable Dynamic Gains from Trade
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3147
PY  - 1989
Y2  - October 1989
UR  - http://www.nber.org/papers/w3147
L1  - http://www.nber.org/papers/w3147.pdf
N1  - Author contact info:
Richard Baldwin
Cigale 2
1010 Lausanne
SWITZERLAND
Tel: 41-22-908-5900
E-Mail: rbaldwin@cepr.org
AB  - Productive factors such as human and physical capital are accumulated and trade can affect the steady-state levels of such factors.  Consequently, trade liberalization will have dynamic effects on output and welfare as the economy moves to its new steady state, in addition to its usual static effects. The output impact of this dynamic effect is measurable and appears to be quite large. The welfare impact of this dynamic effect is also measurable. The size of this dynamic gain from trade depends on the importance of external scale economies.
ER  -