consider several scenarios with different assumptions about the efficiency of import substitution, which is defined along two … dimensions (for consumers as well as for producers). The results show that trade restrictions make import substitution optimal …, but consumption may be lower comparing to the baseline. The results mean that effectiveness of import substitution should …

Researchers and policymakers are re-examining the idea of import substitution industrialization (ISI). Consequently …

This paper highlights the issues of import substitution in the context of attaining total macro-economic balance … models were carried out. The results revealed that the economic policy of import substitution was 10% more efficient in the …