Welfare effects of tariffs and investment taxes

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Title: Welfare effects of tariffs and investment taxes
Authors: Neary, J. Peter
Permanent link: http://hdl.handle.net/10197/1448
Date: Jan-1988
Abstract: This paper derives first- and second-best levels of optimal tariffs and taxes on internationally mobile capital in a general model of an open economy. When world prices are fixed (so that non-intervention is optimal), iso-welfare contours in tax-tariff space are shown to be ellipses centred around the origin which are tilted upwards if and only if importables are relatively capital-intensive. Under plausible assumptions, the same is true in the large open economy case, except that the contours are now ellipses centred around the non-zero first-best intervention point.
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Subject LCSH: Tariff
Investments--Taxation
Welfare economics
Commercial policy
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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