Trade liberalisation and embedded institutional reform: Evidence from Chinese exporters

Amit Khandelwal, Peter K. Schott , Shang-Jin Wei, 15 January 2013

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Economists traditionally assess the welfare losses of trade barriers without considering the underlying institutions that support them. In fact, these institutions may amplify welfare losses substantially.

Topics: Institutions and economics, International trade
Tags: China, export licence, import quota

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