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gains and the inequality costs of trade liberalization are quantified and the trade-offs between them are assessed using an … Atkinson social welfare index. The analysis finds average income gains from import tariff liberalization in 45 countries and …
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Research background: Applied welfare economics offers various social welfare functions (SWF) for appraising income distributions. Social planners commonly use two SWFs: SWFε implied by income inequality aversion (ε) and SWFv implied by rank inequality aversion (v). However, a voluntary choice...
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