Effects of Commercial Policy on International Trade, the Location of Production, and Factor Movements

Abstract

For purposes of this paper, commercial policy is defined to include tariffs and other restrictions on imports as well as taxes and subsidies on exports. Since a devaluation is equivalent to the simultaneous application of tariffs on imports and subsidies on exports at equal rates, it will be considered together with commercial policy measures. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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