Trade liberalisation and shadow prices in the presence of tariffs and quotas
This paper examines the welfare effects of trade liberalisation and economic growth in an economy which is large enough to influence world prices and in which trade is restricted by both tariffs and quotas. I derive general expressions for shadow prices of goods and foreign exchange and use them to...
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing
1995
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