Showing 1 - 10 of 196
We investigate the effects of higher tariffs on the current account.Tariffs may increase or decrease investment … depending on the capital intensity of the sector protected. We find that ther esponse of saving to tariffs issensitive to the …), saving fallswith higher tariffs. This result may, however, be reversed in the Blanchard-Yaarj type model in which consumers …
Persistent link: https://www.econbiz.de/10012763430
Direct empirical evidence on whether domestic consumers or foreign exporters bear the burden of a country's import duties is scarce. This paper examines the incidence of U.S. sugar duties using a unique set of high-frequency (weekly, and sometimes daily) data on the landed and the duty-inclusive...
Persistent link: https://www.econbiz.de/10013044624
After the Civil War, Congress justified high import tariffs (relative to their prewar levels)" as necessary in order to …" proposed a tariff reduction to reduce customs revenue, the Republicans offered higher tariffs to" reduce imports and customs …
Persistent link: https://www.econbiz.de/10013218904
and in imposing tariffs on imports from imperfectly competitive foreign firms. Although the optimal response to foreign …. If ad valorem tariffs or subsidies are considered, a subsidy is optimal if the elasticity of demand increases as …. Noncooperative international policy equilibrium will be characterized by export cartels and rent-extracting tariffs …
Persistent link: https://www.econbiz.de/10013234976
This paper analyzes some aspects of the effects of trade restrictions (such as tariffs, quotas and quality controls … reasonable characterizations of demand - tariffs are shown to dominate quotas on the basis of their revenue effects alone, while … quotas are shown to dominate tariffs on the basis of their quality effects alone. Also, quality controls are shown to …
Persistent link: https://www.econbiz.de/10013240579
inflation and tariffs as revenue devices. The analysis derives elasticity rules that tie optimal tariff and inflation rates to …
Persistent link: https://www.econbiz.de/10013213452
This paper uses history to explore the empirical content of two determinants of tariff policy that have a long pedigree: the Stolper-Samuelson corollary to the Heckscher-Ohlin theorem, and the infant-industry argument for protection. It reports a set of world tariff facts for the 150 years...
Persistent link: https://www.econbiz.de/10013227023
In this paper we develop some simple models of optimal tax and tariff policy in the presence of global corporations that operate in an imperfectly competitive environment. The models emphasize two important differences in the practical application of tax and tariff policy - tax, but not tariff,...
Persistent link: https://www.econbiz.de/10013218326
This paper analyze these effects of a tariff in an intertemporal optimizing model, emphasizing the role of capital accumulation. Three types of increases in the tariff rate are considered: (i) unanticipated permanent; (ii) unanticipated temporary; (iii) anticipated permanent. There are two main...
Persistent link: https://www.econbiz.de/10013248261
sectors. Temporary as well as permanent tariffs are discussed …
Persistent link: https://www.econbiz.de/10013218422