Fish Trade Liberalization Under 21st Century Trade Agreements: The CETA and Newfoundland and Labrador Fish and Seafood Industry

• Main Authors: Sabau, Gabriela, Boksh, F.I.M. Muktadir
• Format: Article in Journal/Newspaper
• Language: unknown
• Subjects: Newfoundland; Ohlin; Ricardo
• Online Access: http://www.sciencedirect.com/science/article/pii/S0921800915301646

Both classical (Ricardo) and neo-classical (Heckscher-Ohlin) theories of international trade assume that free trade results in welfare gains for all involved. A more recent literature dedicated to liberalization of trade in renewable resources finds that welfare effects depend on certain factors, such as the country's status as importer or exporter, the state of the renewable resource stocks and the size of the country on the world market (Chichilnisky, 1993; Brander and Taylor, 1997a; Emami and Johnston, 2000, Hannesson, 2000), or remain theoretically indeterminate and require empirical analysis (Nielsen, 2009).