TY  - JA
AU  - Johnson,H.G.
TI  - The Possibility of Income Losses From Increased Efficiency or Factor Accumulation in the Presence of Tariffs
SN  - 0013-0133
PY  - 1967///
CY  - USA
PB  - Wiley-Blackwell
KW  - AGROVOC
KW  - Economics
KW  - International trade
KW  - Trade policies
KW  - Technology
N2  - The adoption of more efficient technology and the accumulation of factors of production are generally assumed to increase the real income available to an economy. But when a country is following a protective policy improved efficiency in the protected industry or accumulation of the factor used intensively in that industry will actually reduce the country's real income, over a range of change set by the degree of protection. This possibility of income-reducing growth is relevant to the fact that countries industrializing by means of protectionist and import-substitution policies are frequently dissatisfied with the results. This note presents a formal demonstration of the possibility, in terms of the standard Heckscher-Ohlin model of international trade
T2  - The Economic Journal
ER  -