On the Dynamics of Trade Reform
构建了一个两部门产业动态模型，解释贸易改革为何对工业结构影响很小，并分析不同改革类型对投资、就业和收入分配的影响。
The empirical evidence on trade reforms suggests that these have a surprisingly small impact on the country's industrial configuration. This industrial structure inertia is difficult to rationalize in standard trade models. This paper develops a two-sector industry dynamics model in which industrial composition inertia arises naturally. The model is then used to study the consequences of different types of trade reforms (e.g. permanent, temporary, gradual, pre-announced) on investment, employment composition, and income distribution.