MARC Record from Scriblio

LEADER: 02184cam 22003257a 4500
001 2005615848
003 DLC
005 20050114151105.0
007 cr |||||||||||
008 050114s2004 mau sb 000 0 eng
010 $a 2005615848
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aPandey, Manish.
245 10 $aSocial networks and trade liberalization$h[electronic resource] /$cManish Pandey, John Whalley.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004.
490 1 $aNBER working paper series ;$vworking paper 10769
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/14/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"We discuss how social considerations can affect the desirability of trade liberalization in a conventional small open economy model. We consider a representative family in which there are location specific network effects from interactions with other family members, such as joint consumption, joint emotional support, and coinsurance. The benefits an individual receives from the network they participate in are nonlinearly related to the number of family members located in urban and rural areas. Family members choose whether to locate in urban or rural areas and average and marginal network benefits differ. With differential network effects in urban and rural areas, in a model with traded urban and rural goods, free trade will no longer be the best policy. We show this through a numerical example, and suggest that the conventional economists case for free trade may need to be more nuanced once social considerations of this type are taken into account"--National Bureau of Economic Research web site.
650 0 $aFree trade.
650 0 $aBusiness networks.
650 0 $aSocial institutions.
700 1 $aWhalley, John.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10769.
856 40 $uhttp://papers.nber.org/papers/W10769