Simultaneous reform of tariffs and quotas

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Title: Simultaneous reform of tariffs and quotas
Authors: Neary, J. Peter
Permanent link: http://hdl.handle.net/10197/1791
Date: 23-Feb-2005
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
Keywords: International trade policy;Piecemeal policy reform;Tariffs and quotas;Tariffication of quotas;Trade liberalisation;Voluntary export restraints
Subject LCSH: Commercial policy
Tariff
Free trade
Export controls
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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