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The Long-run Trade Pattern in a Growing Economy

✍ Scribed by Akihiko Kaneko


Publisher
Springer Vienna
Year
2003
Tongue
English
Weight
267 KB
Volume
79
Category
Article
ISSN
1617-7134

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The paper aims to illumine the longrun impact of specialisation in tourism. It is shown that specialisation in tourism may not be deleterious for economic welfare once the terms of trade are considered. Conditions for an improvement in welfare are laid out and their existence tested by econometric m