Concertina Reforms with International Capital Mobility

We show that the standard concertina result for tariff reforms -- i.e. lowering the highest tariff increases welfare -- no longer holds in general if we allow for international capital mobility. The result can break down if the good whose tariff is lowered is not capital intensive. If the concertina reform lowers welfare it lowers market access as well, thereby compromising a second goal that is typically connected with trade liberalisation.

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Year of publication:	2006-10
Authors:	Kreickemeier, Udo ; Raimondos-Møller, Pascalis
Institutions:	C.E.P.R. Discussion Papers
Subject:	international factor mobility \| market access \| trade policy reform \| welfare

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 5888
Classification:	F11 - Neoclassical Models of Trade ; F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; F15 - Economic Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005662261