Two sources of bias in standard partial equilibrium trade models.
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TextPublication details: Washington : World Bank, 1990.Subject(s): Summary: Argues that in projecting the trade effects of tariff cuts, standard partial equilibrium models generally fail to account for the price-raising effects of non-tariffs barriers and to consider the influence of supply constraints.
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Argues that in projecting the trade effects of tariff cuts, standard partial equilibrium models generally fail to account for the price-raising effects of non-tariffs barriers and to consider the influence of supply constraints.
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