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Import substitution with labor misallocation (English)

Abstract

This paper argues that relying on major policy distortions to create a domestic automotive industry through import substitution generates significant costs for the economy, in terms of foregone output, lower consumption, and reduced overall welfare. To... See More +

Details

  • Martins, Marco A.C.; Araujo, Jorge A. De Thompson R.;
  • 2018/08/07 10:37:00
  • Policy Research Working Paper
  • WPS8542
  • 1
  • 1
  • World
  • The World Region
  • 2018/08/07 10:32:16
  • Disclosed
  • Import substitution with labor misallocation
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