Welfare vs. market access
the implications of tariff structure for tariff reform
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Author
Contributions
- Neary, J. Peter. - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2004 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
10,500 words, Guess
Page Count
42 pages
Identifiers
- OCLC Control Number56609267
- Open LibraryOL17623580M
Classifications
- LCCHB1
Description
"We show that the effects of tariff changes on welfare and import volume can be fully characterized by their effects on the generalized mean and variance of the tariff distribution. Using these tools, we derive new results for welfare- and market-access-improving tariff changes, which imply two 'cones of liberalization' in price space. Because welfare is negatively but import volume positively related to the generalized variance, the cones do not intersect, which poses a dilemma for trade policy reform. Finally, we show that generalized and trade-weighted moments are mutually proportional when the trade expenditure function is CES"--National Bureau of Economic Research web site.
Subjects
Series Statement
- NBER working paper series -- no. 10730.
- Working paper series (National Bureau of Economic Research) -- working paper no. 10730.
Links
Other Editions
- Welfare vs. market access
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