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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/2110

Title: Import search and the path dependency trade
Authors: Edwards, T. Huw
Keywords: Trade
Protection
Search
Outsourcing
Issue Date: 2006
Abstract: This paper investigates the implications of imperfect information and matching/searching for international trade theory. I develop an illustrative model where firms fund such partners by a search through successive matches. The consequences include linking today's import demand patterns to past changes in costs, protection and interest rates. Today's policy decisions will likewise affect future trade. Trade diversion from a preferential trading agreement may well persist as informational diversion well after the preferential agreement has been scrapped. This has important implications for the timing of trade liberalisation.
Description: This working paper is also available at: http://ideas.repec.org/p/lbo/lbowps/2006_12.html.
URI: https://dspace.lboro.ac.uk/2134/2110
Appears in Collections:Working Papers (Economics)

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