凯恩斯经济中的贸易和资本账户自由化

IF 3.8 1区经济学 Q1 ECONOMICS

Journal of International Economics Pub Date : 1987-08-01 DOI:10.1016/S0022-1996(87)80008-9

Dani Rodrik

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引用次数: 34

摘要

本文在具有失业资源的凯恩斯主义框架下分析了贸易和资本账户自由化的过程。以前关于这个问题的研究忽略了自由化进程和经济中先前存在的扭曲之间潜在的相互作用。本文推导了最优自由化政策(在凯恩斯主义背景下)，并求解了两期一般均衡模型中进口关税和资本账户税的显式公式。有人认为，如果资本账户已经自由化，贸易改革可能在短期内产生衰退效应。

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Trade and capital-account liberalization in a keynesian economy

This paper analyzes the process of trade and capital-account liberalization in a Keynesian framework with unemployed resources. Previous studies on this subject have ignored the potential interactions between the liberalization process and the pre-existing distortions in the economy. This paper derives the optimal liberalization policy (given the Keynesian context) and solves for explicit formulas for the import tariffs and the capital-account tax in a two-period general equilibrium model. It is argued that a trade reform is likely to have recessionary effects in the short run if the capital account has already been liberalized.

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来源期刊

Journal of International Economics ECONOMICS-

CiteScore

5.80

自引率

6.10%

发文量

期刊介绍： The Journal of International Economics is intended to serve as the primary outlet for theoretical and empirical research in all areas of international economics. These include, but are not limited to the following: trade patterns, commercial policy; international institutions; exchange rates; open economy macroeconomics; international finance; international factor mobility. The Journal especially encourages the submission of articles which are empirical in nature, or deal with issues of open economy macroeconomics and international finance. Theoretical work submitted to the Journal should be original in its motivation or modelling structure. Empirical analysis should be based on a theoretical framework, and should be capable of replication.