Simultaneous reform of tariffs and quotas

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Title: Simultaneous reform of tariffs and quotas
Authors: Neary, J. Peter
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Date: 23-Feb-2005
Online since: 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/Report no.: UCD Centre for Economic Research Working Paper Series; WP05/04
Keywords: International trade policyPiecemeal policy reformTariffs and quotasTariffication of quotasTrade liberalisationVoluntary export restraints
JEL Codes: F13
Subject LCSH: Commercial policy
Free trade
Export controls
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Language: en
Status of Item: Not peer reviewed
This item is made available under a Creative Commons License:
Appears in Collections:Economics Working Papers & Policy Papers

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