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Tariffs, quotas and VER's when capital is internationally mobile
Author(s)
Date Issued
1987-03
Date Available
2009-09-24T15:49:15Z
Abstract
This paper begins by reexamining the equivalence of tariffs and quantitative trade restrictions. It is argued that equivalence holds in extremely general circumstances but that this fact must be interpreted with care, since the tariff rates equivalent to a given set of quantitative restrictions are themselves functions of all the exogenous variables characterising equilibrium. A general framework for comparing the effects of tariffs, quotas and VER's is then presented. Among the results, it is shown that, although international capital mobility raises the welfare cost of tariff protection, it lowers the welfare cost of protection by means of quantitative restrications.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
No. 47
Subject – LCSH
Tariff
Restraint of 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Not peer reviewed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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