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Patriotism and Preference Barriers: A Return to Mercantilism?

Author

Listed:
  • Hubbard, L. J.
  • Philippidis, G.

Abstract

Endogenous asymmetric consumer preferences, based on region of origin, are incorporated in a modified version of the GTAP AGE model to capture welfare effects emanating from varietal diversity. Patriotic preferences for food are used to illustrate gains in varietal utility at the expense of reduced foreign trade shares. Simulation results are shown to be relatively insensitive to the strength of patriotic preference and the level of preference heterogeneity, both of which govern the varietal effects.

Suggested Citation

  • Hubbard, L. J. & Philippidis, G., 2001. "Patriotism and Preference Barriers: A Return to Mercantilism?," Conference papers 330947, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:330947
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    File URL: https://ageconsearch.umn.edu/record/330947/files/1659.pdf
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