Tariffs and Industrial Statesmanship

FDI Spillovers and Industrial Policy: The Role of Tariffs and Tax Holidays

This paper examines how industrial policy – specifically tariff liberalization and tax subsidies – affects the magnitude and direction of FDI spillovers. We examine these spillover effects across the diverse ownership structure of China’s manufacturing sector for 1998 through 2007. We find that tariff reforms, particularly tariff reductions associated with China’s WTO ascension, increased the p...

Perkins and Budd: A Comparative Study of Railway Statesmanship

In June 1912, I was almost run down by a Maine Central express train; my older sister grabbed me out of the way just in the nick of time; and from that moment to this I have had an ongoing love affair with railroads. Not that I qualify for a moment as a fan or buff or, as the elegant late Lucius Beebe put it, an aficionado. Rather, my approach has been as one concerned with the impact the railw...

Embodied Carbon Tariffs

Embodied carbon tariffs tax the direct and indirect carbon emissions embodied in trade — an idea popularized by countries seeking to extend the reach of domestic carbon regulations. We investigate their effectiveness using simulations from an applied general equilibrium model of global trade and energy use. We find that the tariffs do reduce foreign emissions, but their ability to improve the g...

Best Practice Tariffs

Two-part Tariffs and Multistage Programming

This article demonstrates the relationship between the utility function's parameters which represent consumer's taste and the reservation price. We describe the changes in the reservation price analytically and supplement the geometrical illustrations by economic interpretations. We formulate the monopolist’s problem of setting the price of a capital good and the price of a service that the cap...