THE COST OF TRADE DISRUPTIONS AT DIFFERENT STAGES OF DEVELOPMENT

被引：1

作者：

Conesa, Juan Carlos ^{[1
]}

Delventhal, Matthew J. ^{[2
]}

Pujolas, Pau S. ^{[3
]}

Raveendranathan, Gajendran ^{[4
]}

机构：

[1] SUNY Stony Brook, Stony Brook, NY USA

[2] CoreLogic, Westlake, TX USA

[3] McMaster Univ, Mississauga, ON, Canada

[4] McMaster Univ, 1280 Main St West, Hamilton, ON L8S 4M4, Canada

来源：

INTERNATIONAL ECONOMIC REVIEW | 2024年 / 65卷 / 03期

关键词：

STRUCTURAL-CHANGE; DEMAND; GROWTH; TECHNOLOGY; INVESTMENT; PATTERN; BREXIT; IMPACT; MODEL;

D O I：

10.1111/iere.12690

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study trade disruptions at different stages of development in a two-country, three-sector model of Spain and United Kingdom from 1850 to 2000. The impact of trade disruptions depends on trade openness and the productivity gap between countries. A trade collapse today (more openness, less gap) comparable to the Inter-War Trade Collapse (IWTC) decreases the capital stock threefold (12% instead of 4%) and lifetime consumption fourfold (1.58% instead of 0.37%). Capital accumulation amplifies the cost of trade disruptions. The IWTC promoted Spanish industrialization, while the opposite would be true today.

引用

页码：1133 / 1161

页数：29

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