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Keywords: Trickle-down effect
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Journal Articles
Journal of Korea Trade (2018) 22 (1): 68–83.
Published: 05 March 2018
...Sungwan Hong; Soo Hyun Oh; Seung-Gyu Sim Purpose Unlike the common belief in the so-called “trickle-down effect,” trade-induced output growth in a small open economy does not necessarily improve the domestic welfare of the economy. The purpose of this paper is to analyze the conditions under which...

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