Impact of trade liberalisation on a multi-region economy within an inter-regional game theoretic framework

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Title Impact of trade liberalisation on a multi-region economy within an inter-regional game theoretic framework
Author Liew, Leong H; Siriwardana, Mahinda
Journal Name Economics of Planning
Editor Roberta Benini, Wojciech W. Charemza
Year Published 2002
Place of publication Netherlands
Publisher Kluwer Academic Publishers
Abstract The aim of this paper is to analyse the general equilibrium effects of tariff changes in a multi-regional model that has inter-government strategic interactions, where central and regional governments react to policies of one another by implementing counter strategies to maximise their own welfare. The motivation for this paper arises from observing inter-provincial and provincial-central government competitive money creation behaviour in China and in the former Soviet Union. By engaging in competitive money creation, governments are able to cushion the impact of tariff changes on national and regional absorption. However, it is also shown that as the marginal rate of substitution of absorption for inflation increases, the impacts of tariff changes with and without competitive money creation tend to converge.
Peer Reviewed Yes
Published Yes
Alternative URI http://dx.doi.org/10.1023/A:1016301104883
Volume 35
Issue Number 1
Page from 1
Page to 18
ISSN 0013-0451
Date Accessioned 2003-03-11
Date Available 2010-07-27T07:17:39Z
Language en_AU
Subject PRE2009-Economic Models and Forecasting
URI http://hdl.handle.net/10072/7160
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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