Work

Economies of Scale and Imperfect Competition in an Applied General Equilibrium Model of the Australian Economy

Year: 1998

Type: book-chapter

Abstract: In a pioneering paper, Harris (1984) emphasized the importance of imperfect competition and economies of scale in understanding the effects of trade liberalization on the Canadian economy within an applied general equilibrium framework. He argued that a general equilibrium analysis which incorporates scale economies and imperfect competition yields significantly different results from one that does not. Thus, his estimated static long-run gains to Canada of trade liberalization were in the range of 8–12% of GNP: considerably larger than those suggested by conventional estimates which assume perfect competition. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Source: Palgrave Macmillan UK eBooks

DOI: 10.1007/978-1-349-26255-7_19

Authors: Kaludura Abayasiri-Silva, Mark Horridge

Institution: Monash University

Language: English

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: bronze

Funders: Australian Government, La Trobe University, Monash University