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Trade liberalization in Peru : adjustment costs amidst high labor mobility / by Elin Baldárrogo and Gonzalo Salinas

Author
Baldárrogo, Elin
Published
[Washington, District of Columbia] : International Monetary Fund, 2017.
Copyright Date
©2017
Physical Description
1 online resource (26 pages) : illustrations (some color), tables, graphs
Additional Creators
Salinas, Gonzalo
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Summary
While trade integration has been an engine of global growth and prosperity some sectors have been negatively affected by increased imports competition, as expected in theory. Higher labor mobility could lower these adjustment costs. This paper measures the cost of trade integration in a context of high internal migration. Specifically, we focus on the 2004- 14 period of trade liberalization in Peru (a major beneficiary of trade integration). Despite significant migration in response to lower tariffs, we find a significant negative relation between tariff reduction and socioeconomic indicators of imports-competing districts. This underscores the need for policy action to support the "losers from trade liberalization".
Subject(s)
ISBN
1475585969 (electronic bk.)
9781475585964 (electronic bk.)
147558556X
9781475585568
View MARC record | catkey: 43199327