Kreickemeier, Udo; Raimondos-Møller, Pascalis - In: Journal of Development Economics 87 (2008) 1, pp. 85-91
Reducing tari[ff]s and increasing consumption taxes is a standard IMF advice to countries that want to open up their economy without hurting government finances. Indeed, theoretical analysis of such a tari[ff]-tax reform shows an unambiguous increase in welfare and government revenues. The...