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

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

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. ...

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ژورنال

عنوان ژورنال: Journal of International Economics

سال: 2007

ISSN: 0022-1996

DOI: 10.1016/j.jinteco.2006.02.004