Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/39690 
Authors: 
Year of Publication: 
2010
Citation: 
[Journal:] Economics: The Open-Access, Open-Assessment E-Journal [ISSN:] 1864-6042 [Volume:] 4 [Issue:] 2010-24 [Publisher:] Kiel Institute for the World Economy (IfW) [Place:] Kiel [Year:] 2010 [Pages:] 1-48
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
Globalisation is associated with long periods of sustained economic growth and credit expansion, whereas major recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply driven by policy: rather, in a model of costly search, firms who are engaged in a searching process are very sensitive to changing economic circumstances. In turn, this causes protectionism to be partly endogenous, since optimal noncooperative tariffs can be high during periods when the sensitive, searching firms have exited the market.
Subjects: 
Globalisation
trade
search
JEL: 
F15
F43
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

Files in This Item:
File
Size
559.28 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.