Simultaneous reform of tariffs and quotas
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...
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing
2007
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| Subjects: |
| _version_ | 1797090889405825024 |
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| author | Neary, J |
| author_facet | Neary, J |
| author_sort | Neary, J |
| collection | OXFORD |
| description | 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 discussed. |
| first_indexed | 2024-03-07T03:25:08Z |
| format | Journal article |
| id | oxford-uuid:b8c92b06-e2bb-42ce-989d-ca3481e8f324 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T03:25:08Z |
| publishDate | 2007 |
| publisher | Blackwell Publishing |
| record_format | dspace |
| spelling | oxford-uuid:b8c92b06-e2bb-42ce-989d-ca3481e8f3242022-03-27T04:58:17ZSimultaneous reform of tariffs and quotasJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:b8c92b06-e2bb-42ce-989d-ca3481e8f324EconomicsEnglishOxford University Research Archive - ValetBlackwell Publishing2007Neary, JThis 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 discussed. |
| spellingShingle | Economics Neary, J Simultaneous reform of tariffs and quotas |
| title | Simultaneous reform of tariffs and quotas |
| title_full | Simultaneous reform of tariffs and quotas |
| title_fullStr | Simultaneous reform of tariffs and quotas |
| title_full_unstemmed | Simultaneous reform of tariffs and quotas |
| title_short | Simultaneous reform of tariffs and quotas |
| title_sort | simultaneous reform of tariffs and quotas |
| topic | Economics |
| work_keys_str_mv | AT nearyj simultaneousreformoftariffsandquotas |