Import Substitution with Labor Misallocation

Import Substitution with Labor Misallocation

This paper argues that relying on major policy distortions to create a domestic automotive industry through import substitution generates significant costs for the economy, in terms of foregone output, lower consumption, and reduced overall welfare...

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Bibliographic Details
Main Authors: Martins, Marco A.C., Thompson Araujo, Jorge
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
LABOR PRODUCTIVITY
IMPORT SUBSTITUTION INDUSTRIALIZATION
AUTOMOTIVE INDUSTRY
MISALLOCATION
COMPETITION POLICY
INDUSTRIAL POLICY
WELFARE IMPACT
Online Access:http://documents.worldbank.org/curated/en/208411533652637345/Import-substitution-with-labor-misallocation
http://hdl.handle.net/10986/30232

Internet

http://documents.worldbank.org/curated/en/208411533652637345/Import-substitution-with-labor-misallocation
http://hdl.handle.net/10986/30232

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