Import protection and export performance: Their impact on economic growth
For a long time economists have been presuming a strong and positive relationship between a country's engagement in international trade and its economic performance. Already Adam Smith stressed the importance of trade as a means of widening markets, thereby increasing the division of labour and thus raising the level of productivity; John Stuart Mill on the other side laid greater emphasis on the dynamic effects of international trade (called indirect effects) . Thus it was generally believed that countries with a high engagement in international trade perform much better than countries that protect their home markets - the latter not being able to make use of the benefits of trade as a source of economic growth.
Year of publication: |
1986
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Authors: | Heitger, Bernhard |
Publisher: |
Kiel : Kiel Institute of World Economics (IfW) |
Saved in:
freely available
Series: | Kiel Working Paper ; 260 |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | hdl:10419/46740 [Handle] RePEc:zbw:ifwkwp:260 [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10010275164
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