An extension of Bale's labor displacement cost estimates
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. © 1978.
Journal of International Economics
An extension of Bale's labor displacement cost estimates.
Journal of International Economics,
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