Dynamics of trade liberalization policy

Joshua Aizenman

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


This paper analyzes the dynamics of trade liberalization policies in the presence of adjustment costs. The discussion focuses on modeling the nature of those costs, and the interaction between wages and resource reallocation during the adjustment; also it highlights the role that human capital plays in the adjustment process.

Original languageEnglish
Pages (from-to)133-142
Number of pages10
JournalJournal of Development Economics
Issue number1-2
StatePublished - 1 Jan 1983
Externally publishedYes

ASJC Scopus subject areas

  • Development
  • Economics and Econometrics


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