Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition
构建了一个包含规模经济、产品差异和定价行为的小型开放经济一般均衡模型,并用1976年加拿大数据模拟贸易自由化政策,结果与传统模型显著不同。
An applied general equilibrium model of a small open economy is described. The model incorporates industrial organization structures heretofore absent from applied G.E. trade models. Scale economies, product differentiation and explicit price setting are novel model features. Some illustrative results for trade liberalization policies are given for a 1976 Canadian data set and contrasted with a conventional constant returns neoclassical model on the same data set. Results from the alternative models differ significantly.