Domestic Farm Policy and the Gains from Trade
评估美国国内政策及关税与非关税壁垒如何影响农业贸易收益,理论上证明贸易量可观但收益可能为零,实证结果支持无贸易收益假说。
Abstract This paper assesses the extent to which the gains from agricultural trade are influenced by both U.S. domestic policy and tariff and nontariff trade barriers. It shows theoretically that the volume of trade can be substantial but the gains nonexistent. Empirical results, along with rent‐seeking arguments, support the no‐gains‐from‐trade hypothesis.