ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Displacement and Rehabilitation

that (even with the demand curve unmoved) contrary to MS expansion in exports may accompany a reduction in tariffs. In their exercise total output remains the same even after the fall in tariff, so that the expansion of domestic sales is necessarily at the cost of (residual) exports. Under efficiency improvement total production expands and the conflict disappears.

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top