Isbn: 9781334475641 - senescent industry collapse revisited (classic reprint) (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book explores the stubborn persistence of protectionism in the political economy of trade. Previous studies have largely treated political forces as a black box and assumed that industries decline smoothly, up to a point at which protection is abruptly terminated, and the industry collapses. This book builds a dynamic model to address these gaps. The author finds that declining industries contract more slowly over time and never fully adjust. The model also shows that the type of collapse predicted by previous studies is only possible under special conditions, such as a fixed cost to lobbying. Additionally, the author considers the symmetric case of lobbying in growing industries, suggesting that the disproportionate share of protection afforded to mature industries in some countries is better explained by a bias in the political process than by pure economic differences. The book's insights shed light on the complex interplay between industry adjustment, lobbying, and political response and will interest economists and policymakers seeking to better understand the dynamics of protectionism and its impact on the allocation of resources. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…