This paper argues that relying on major policy distortions to create a domestic automotive industry through import substitution generates significant costs for the economy, in terms of foregone output, lower consumption, and reduced overall welfare. To bring this issue into sharp relief, the paper focuses on the extreme case of an outright vehicle import ban (complemented by an export subsidy), which gives rise to a misallocation of resources that...
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INFORMATION
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2018/08/07
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Document de travail de recherche sur les politiques
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WPS8542
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1
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1
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2018/08/07
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Disclosed
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Import substitution with labor misallocation
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individual need
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