Effects of restraining steel exports from the Republic of Korea and other countries to the United States and the European Economic Community (Английский)

In this article a model is developed to evaluate the impact on an exporting country of a restraint imposed on its export by an importing economy in the context of a three region model of world trade in a single product. The welfare changes in any of the three regions in the model and in the global economy can be evaluated. The model is applied to the restraints imposed on steel exports from the Republic of Korea to the United States and the European...
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