Trade Versus Investment Liberalization
Trade Versus Investment Liberalization
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贸易与投资自由化
DOI：
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发表时间：
1997
期刊：
影响因子：
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通讯作者：
J. Markusen
中科院分区：
文献类型：
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作者：
J. Markusen
尽管有一些理论贡献和大量的非正式经验证据“相反，贸易和投资是替代品的观念在贸易政策分析中仍然存在。”本文考虑了商品贸易自由化与允许直接投资的自由化与两者的结合。对于熟练劳动力相对稀缺的经济体，我表明贸易和投资自由化是完全不同的，两者在某种意义上是互补的。直觉可能是，直接投资为这样一个国家提供了关键的投入（知识密集型生产性服务业），没有这些投入，该国就无法有效利用其在某些行业的丰富要素。
Despite several theoretical contributions and considerable informal empirical evidence" to the contrary, a notion that trade and investment are substitutes persists in trade policy" analysis. This paper considers the liberalization of commodity trade versus liberalization" allowing direct investment versus the two together. For a relatively skilled-labor-scarce" economy, I show that trade and investment liberalization are quite different together are in a sense complements. The intuition may be that direct investment provides such" a country with crucial inputs (knowledge-intensive producer services) without which the" country cannot effectively exploit its abundant factors in certain industries."