Protection and Capital Accumulation

W. Max Corden

in Trade Policy and Economic Welfare

Second edition

Published in print February 1997 | ISBN: 9780198775348
Published online November 2003 | e-ISBN: 9780191715471 | DOI:
 Protection and Capital Accumulation

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Analyses how protection can affect saving, investment, and, through the latter, the rate of growth. The answers hinge in part on the static effects of protection on real income. Protection can also affect savings and investment through its effects on income distribution and on the relative price of capital goods. In addition, protection may affect aggregate learning (‘invisible capital accumulation’) by changing the economy's output mix.

Keywords: growth rate; income distribution; investment; learning; output mix; protection; saving

Chapter.  8273 words.  Illustrated.

Subjects: International Economics

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