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Simultaneous reform of tariffs and quotas
Author(s)
Date Issued
2005-02-23
Date Available
2010-01-19T15:04:39Z
Abstract
This paper presents a general result for simultaneous reform of tariffs and quotas in a small open economy, where some of the quota rents do not accrue to domestic residents. Absent highly perverse income effects, welfare must rise following a uniform proportionate reduction in tariffs and a uniform proportionate relaxation
of quotas, weighted by their rent-retention parameters. Previous results are shown to be special cases of this one, and its implications for practical policy advice and its relationship with the policy of "tariffication" of quotas are noted.
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP05/04
Classification
F13
Subject – LCSH
Commercial policy
Tariff
Free trade
Export controls
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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