Revenue tariff reform
What kind of tariff reform is likely to raise welfare in situations where tariff revenue is important? Uncertainty about specification and risk from imprecise parameter estimates of any particular specification reduce the credibility of simulation estimates. A promising alternative is to develop r...
| Hlavní autoři: | , |
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| Médium: | Working paper |
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University of Oxford
2013
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| _version_ | 1826296648560541696 |
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| author | Neary, P Anderson, J |
| author_facet | Neary, P Anderson, J |
| author_sort | Neary, P |
| collection | OXFORD |
| description | What kind of tariff reform is likely to raise welfare in situations where tariff revenue is important? Uncertainty about specification and risk from imprecise parameter estimates of any particular specification reduce the credibility of simulation estimates. A promising alternative is to develop rules which are robust with respect to such uncertainty. We present sufficient conditions for a class of linear rule that guarantee welfare-improving tariff reform. The rules span cones of welfare-improving tariff reforms consisting of convex combinations of (i) trade-weighted-average-tariff-preserving dispersion cuts; and (ii) uniform tariff cuts that preserve domestic relative prices among tariff-ridden goods. |
| first_indexed | 2024-03-07T04:19:35Z |
| format | Working paper |
| id | oxford-uuid:ca8f47b7-9b9f-433c-bacf-1cba9da09d65 |
| institution | University of Oxford |
| last_indexed | 2024-03-07T04:19:35Z |
| publishDate | 2013 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:ca8f47b7-9b9f-433c-bacf-1cba9da09d652022-03-27T07:08:25ZRevenue tariff reformWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:ca8f47b7-9b9f-433c-bacf-1cba9da09d65Bulk import via SwordSymplectic ElementsUniversity of Oxford2013Neary, PAnderson, JWhat kind of tariff reform is likely to raise welfare in situations where tariff revenue is important? Uncertainty about specification and risk from imprecise parameter estimates of any particular specification reduce the credibility of simulation estimates. A promising alternative is to develop rules which are robust with respect to such uncertainty. We present sufficient conditions for a class of linear rule that guarantee welfare-improving tariff reform. The rules span cones of welfare-improving tariff reforms consisting of convex combinations of (i) trade-weighted-average-tariff-preserving dispersion cuts; and (ii) uniform tariff cuts that preserve domestic relative prices among tariff-ridden goods. |
| spellingShingle | Neary, P Anderson, J Revenue tariff reform |
| title | Revenue tariff reform |
| title_full | Revenue tariff reform |
| title_fullStr | Revenue tariff reform |
| title_full_unstemmed | Revenue tariff reform |
| title_short | Revenue tariff reform |
| title_sort | revenue tariff reform |
| work_keys_str_mv | AT nearyp revenuetariffreform AT andersonj revenuetariffreform |