An Extension of Bale's Labor Displacement Cost Estimates
Document Type
Article
Publication Date
2-1978
Department
College of Business
Abstract
Bale (1976) failed to extend his labor displacement cost estimates to the more interesting question of whether these costs outweigh gains from trade liberalization. This note addresses that question by applying Bale's estimates to Magee's (1972) study of the welfare effects of U.S. trade restrictions. Our results indicate that gains far outweigh costs of tariff removal on imports directly competing with U.S. production.
Publication Title
Journal of International Economics
Recommended Citation
Monson, T.
(1978).
An Extension of Bale's Labor Displacement Cost Estimates.
Journal of International Economics,
8(1), 131-133.
http://doi.org/10.1016/0022-1996(78)90044-2
Retrieved from: https://digitalcommons.mtu.edu/michigantech-p/5338
Publisher's Statement
© 1978