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Welfare versus market access: the implications of tariff structure for tariff reform

Abstract:

We show that the effects of tariff changes on welfare and import volume are fully characterised by their effects on the generalised mean and variance of the tariff distribution, implying two “cones of liberalisation” in commodity price space. Because welfare is negatively but import volume positively related to the generalised variance, the cones do not intersect, which poses a policy dilemma. We present a new radial tariff reform rule, which implies new results for welfare- and market-access...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University College Dublin
Department:
School of Economics
Role:
Author
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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
Industrial Economics
Oxford college:
Merton College
Role:
Author
Publisher:
Elsevier Publisher's website
Journal:
Journal of International Economics Journal website
Volume:
71
Issue:
1
Pages:
187-205
Publication date:
2007-03-01
DOI:
ISSN:
0022-1996
Language:
English
Keywords:
Subjects:
UUID:
uuid:c451e5f7-aee9-4a0c-b2a9-e449abbd31a0
Local pid:
ora:2106
Deposit date:
2008-06-19

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