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Trade and Sustainable Development: Non-Economic Objectives in the Theory of Economic Policy
World Trade Review ( IF 1.708 ) Pub Date : 2023-09-05 , DOI: 10.1017/s147474562300006x
Joseph F. François , Bernard Hoekman , Douglas R. Nelson

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.

中文翻译:

贸易与可持续发展:经济政策理论中的非经济目标

虽然经济政策理论为思考共同追求经济目标(EO)和非经济目标(NEO)提供了一个潜在的框架,但随着时间的推移,经济政策理论以将 NEO 视为约束条件的方式形式化。给定的,而不是作为本身可能与 EO 一起内生的目标。我们研究了与 EO 共同决定的近地天体的分析处理,重新审视了艾伦·温特斯 (Alan Winters) 在近地天体分析中所突破的一些基础。我们回顾了近地天体在经济政策理论中的地位,讨论了将此类目标表示为外生约束的当前实践,并提出了将近地天体表示为目标本身的论点。
更新日期:2023-09-05
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