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In theoretical literature it is common to make the assumption that in a multi-country, multi-good world, the direction of trade (import and export by commodity) is predetermined and fixed for each good for each country. We consider a simple three-country, three-good, pure-exchange model with CES...
Persistent link: https://www.econbiz.de/10005111341
We evaluate efficiency considerations underlying the widespread exemption of food from sales and value added taxes and the implications for tax policy. Household and restaurant meals and both constant and increasing returns cases are examined. Higher taxes on food offset the non-taxation of time...
Persistent link: https://www.econbiz.de/10005035697
Several of the recently negotiated regional trade agreements contain significantly fewer concessions by the large countries to smaller countries than vice versa. In this paper, we compute post-retaliation Nash tariffs by region under various regional trade arrangements using a calibrated...
Persistent link: https://www.econbiz.de/10005604610
Persistent link: https://www.econbiz.de/10005608788
Trade and wages literature asks whether trade or technology has been the major factor behind increases in wage inequality in OECD countries since the 1980s. In this literature, little attention has been paid to how goods market responses to trade shocks affect conclusions. Using an Armington...
Persistent link: https://www.econbiz.de/10005608857
The current indirect tax system in Canada distorts economic activity in a variety of ways and has been the subject of considerable discussion as part of overall tax reform. In this paper, a general equilibrium model is used to analyze various changes in indirect taxes in Canada, focusing on...
Persistent link: https://www.econbiz.de/10005271870
Persistent link: https://www.econbiz.de/10005271872