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022			_a0013-0133
022			_a1468-0297 (Online)
040			_aMX-TxCIM
041			_aeng
100	1		_aJohnson, H.G. _927302
245	1	4	_aThe Possibility of Income Losses From Increased Efficiency or Factor Accumulation in the Presence of Tariffs
260			_bWiley-Blackwell, _c1967. _aUSA :
520			_aThe 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.
546			_aText in English
650		7	_2AGROVOC _91093 _aEconomics
650		7	_2AGROVOC _95542 _aInternational trade
650		7	_96626 _aTrade policies _2AGROVOC
650		7	_91988 _aTechnology _2AGROVOC
773			_dUSA : Wiley-Blackwell, 1967. _gvol. 77, no 305, p. 151-154 _tThe Economic Journal _x0013-0133
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