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I would have called it “free trade is still quite good”

Our quantitative results suggest that both corrections are nonnegligible: trade-induced increases in inequality of disposable income erode about 20% of the gains from trade, while the gains from trade would be about 15% larger if redistribution was carried out via non-distortionary means. That is part of a new paper from Pol Antràs, Alonso de Gortari, […] The post I would have called it “free trade is still quite good” appeared first on Marginal REVOLUTION.
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