Bond, Eric W.; Driskill, Robert A. - In: Contemporary and emerging issues in trade theory and policy, (pp. 165-190). 2008
We extend the Jones (1971) analysis of the effects of distortions in 2×2 trade models to the case of a two-sector dynamic general equilibrium model of a small open economy with capital accumulation. We do a comparative steady state analysis for the effect of policy changes on factor prices and...
