Abstract
Both countries can gain in welfare from international trade between them. The level of welfare in each country is higher than in autarky. The gains from trade in this sense have often been discussed so far.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Blanchard, O. J., & Fischer, S. (1989). Lectures on macroeconomics. Cambridge, MA: MIT Press.
Borch, K. (1990). Economics of insurance. Amsterdam: North-Holland.
Corden, W. M. (1974). Trade policy and economic welfare. Oxford: Oxford University Press.
Harris, J. R., & Todaro, M. P. (1970). Migration, unemployment and development. American Economic Review, 60, 126–142.
Itoh, M., & Negishi, T. (1987). Disequilibrium trade theories. Chur: Harwood.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2014 Springer Japan
About this chapter
Cite this chapter
Negishi, T., Negishi, T. (2014). Domestic Distortions. In: Developments of International Trade Theory. Advances in Japanese Business and Economics, vol 2. Springer, Tokyo. https://doi.org/10.1007/978-4-431-54433-3_13
Download citation
DOI: https://doi.org/10.1007/978-4-431-54433-3_13
Published:
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-54432-6
Online ISBN: 978-4-431-54433-3
eBook Packages: Business and EconomicsEconomics and Finance (R0)