Abstract
Some stylized facts of protection can be addressed by a regional trade model in which the existence of extra markets constitutes a barrier to labor relocation and motivates demands for protection. A regional Ricardo-Viner model is used, in which markets for residential land create increasing endogenous relocation costs, so that under neutral assumptions an improvement in the terms of trade leads to an absolute fall in welfare for labor in a declining region, while labor is mobile, giving a new resolution of the “neoclassical ambiguity”
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