| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1079 |
| DP1079 Competition, Regulation and Managerial Incentives | |
| Gianni De Fraja; Elisabetta Iossa | |
| 发表日期 | 1994-12-31 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | We assess some likely consequences of commercial policy in an intertemporal CGE model of an imperfectly competitive, small open economy. Specifically, we combine an overlapping generations model of aggregate savings with capital accumulation by forward-looking investors and production under monopolistic competition and increasing returns to scale. The model replicates Austrian data. We find that unilateral tariff cuts have an expansionary effect resulting both in rationalization of industrial production and in new products supplied by new firms entering the market. Small export subsidies are self financing. The expansionary effects and the welfare increases get magnified under monopolistic competition when compared with a more competitive case. Although all generations are able to participate in the efficiency gains, we note uneven generational gains. Finally, we report large overshooting in the net asset position which we attribute to a life-cycle type savings mechanism. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Cge modelling Intertemporal investment Monopolistic competition Overlapping generations Trade liberalization |
| URL | https://cepr.org/publications/dp1079 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530224 |
| 推荐引用方式 GB/T 7714 | Gianni De Fraja,Elisabetta Iossa. DP1079 Competition, Regulation and Managerial Incentives. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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