콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade

Print

Industrial organization and trade liberalization : evidence from Korea (English)

Related Document
Frame of Image
  • Industrial organization and trade liberalization : evidence from Korea (English)
  • de Melo, Jaime; Roland-Holst, David
  • World Bank (WB)


link
Title Industrial organization and trade liberalization : evidence from Korea (English)
Similar Titles
Material Type Reports
Author(English)

de Melo, Jaime; Roland-Holst, David

Publisher

World Bank (WB)

Date 1990
Language English
File Type Link
Subject Economy < Trade

Abstract

Drawing on evidence about industrial organization and market structure, the authors develop a computable general equilibrium model in selected industrial sectors with increasing returns to scale. They use this model to estimate the welfare gains Korea would realize from abolishing the import restraints prevailing in 1982. Under constant returns to scale, they estimate welfare gains to be 1 percent of GDP. With increasing returns to scale in three industrial sectors, they estimate welfare gains ranging from -0.5 percent to 10 percent of 1982 GDP, depending on assumptions about the pricing behavior (markup pricing or Cournot competition) and profit levels that existed under protection.