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Trade liberalisation and shadow prices in the presence of tariffs and quotas

Abstract:

This paper examines the welfare effects of trade liberalisation and economic growth in an economy which is large enough to influence world prices and in which trade is restricted by both tariffs and quotas. I derive general expressions for shadow prices of goods and foreign exchange and use them to generalise the standard radial reduction and concertina reform results. I also derive a general expression for shadow prices of factors of production and use it to synthesise the classic results of...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
Industrial Economics
Oxford college:
Merton College
Role:
Author

Contributors

Publisher:
Blackwell Publishing Publisher's website
Journal:
International Economic Review
Volume:
36
Issue:
3
Pages:
531-554
Publication date:
1995-08-01
ISSN:
0020-6598
Language:
English
Keywords:
Subjects:
UUID:
uuid:20fe680c-59e7-40ca-b74e-460c1e2bd050
Local pid:
ora:2146
Deposit date:
2008-07-04

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