Welfare versus market access: the implications of tariff structure for tariff reform
We show that the effects of tariff changes on welfare and import volume are fully characterised by their effects on the generalised mean and variance of the tariff distribution, implying two “cones of liberalisation” in commodity price space. Because welfare is negatively but import volume positivel...
| Main Authors: | , |
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| פורמט: | Journal article |
| שפה: | English |
| יצא לאור: |
Elsevier
2007
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| נושאים: |
| _version_ | 1826295388503539712 |
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| author | Anderson, J Neary, J |
| author_facet | Anderson, J Neary, J |
| author_sort | Anderson, J |
| collection | OXFORD |
| description | We show that the effects of tariff changes on welfare and import volume are fully characterised by their effects on the generalised mean and variance of the tariff distribution, implying two “cones of liberalisation” in commodity price space. Because welfare is negatively but import volume positively related to the generalised variance, the cones do not intersect, which poses a policy dilemma. We present a new radial tariff reform rule, which implies new results for welfare- and market-access-improving tariff changes. Finally, we show that generalised and trade-weighted moments are mutually proportional when the trade expenditure function is CES. |
| first_indexed | 2024-03-07T04:00:14Z |
| format | Journal article |
| id | oxford-uuid:c451e5f7-aee9-4a0c-b2a9-e449abbd31a0 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T04:00:14Z |
| publishDate | 2007 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | oxford-uuid:c451e5f7-aee9-4a0c-b2a9-e449abbd31a02022-03-27T06:22:37ZWelfare versus market access: the implications of tariff structure for tariff reformJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:c451e5f7-aee9-4a0c-b2a9-e449abbd31a0EconomicsEnglishOxford University Research Archive - ValetElsevier2007Anderson, JNeary, JWe show that the effects of tariff changes on welfare and import volume are fully characterised by their effects on the generalised mean and variance of the tariff distribution, implying two “cones of liberalisation” in commodity price space. Because welfare is negatively but import volume positively related to the generalised variance, the cones do not intersect, which poses a policy dilemma. We present a new radial tariff reform rule, which implies new results for welfare- and market-access-improving tariff changes. Finally, we show that generalised and trade-weighted moments are mutually proportional when the trade expenditure function is CES. |
| spellingShingle | Economics Anderson, J Neary, J Welfare versus market access: the implications of tariff structure for tariff reform |
| title | Welfare versus market access: the implications of tariff structure for tariff reform |
| title_full | Welfare versus market access: the implications of tariff structure for tariff reform |
| title_fullStr | Welfare versus market access: the implications of tariff structure for tariff reform |
| title_full_unstemmed | Welfare versus market access: the implications of tariff structure for tariff reform |
| title_short | Welfare versus market access: the implications of tariff structure for tariff reform |
| title_sort | welfare versus market access the implications of tariff structure for tariff reform |
| topic | Economics |
| work_keys_str_mv | AT andersonj welfareversusmarketaccesstheimplicationsoftariffstructurefortariffreform AT nearyj welfareversusmarketaccesstheimplicationsoftariffstructurefortariffreform |