Trade and sustainable development : non-economic objectives in the theory of economic policy
World trade review, 2023, Vol. 22, pp. 463-473
FRANÇOIS, Joseph, HOEKMAN, Bernard M., NELSON, Douglas, Trade and sustainable development : non-economic objectives in the theory of economic policy, World trade review, 2023, Vol. 22, pp. 463-473 - https://hdl.handle.net/1814/75903
Retrieved from Cadmus, EUI Research Repository
While the theory of economic policy offers a potential framework for thinking about the joint pursuit of economic objectives (EOs) and non-economic objectives (NEOs), over time the theory of economic policy was formalized in a way that considers NEOs as constraints that are given, rather than as goals that may themselves be endogenous alongside EOs. We examine the analytical treatment of NEOs as co-determined with EOs, revisiting some of the ground broken by Alan Winters in his analysis of NEOs. We review the place of NEOs in the theory of economic policy, discuss current practice in the representation of such objectives as exogenous constraints, and develop an argument for representation of NEOs as objectives in themselves.
Cadmus permanent link: https://hdl.handle.net/1814/75903
Full-text via DOI: 10.1017/S147474562300006X
ISSN: 1474-7456; 1475-3138
Publisher: Cambridge University Press
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