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-1973. About three-quarters of the post-Smoot Hawley decline in U.S. tariffs, for example, can be attributed to higher import …
Persistent link: https://www.econbiz.de/10013222037
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 examines the optimal labor contract in a small open economy with incomplete markets under international price uncertainty. The effect on employment, wages, and profits of different realizations of the state of nature is studied and agents' preferences concerning the implementation of...
Persistent link: https://www.econbiz.de/10013124657
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
We study unanticipated tariffs on imports of intermediate goods in a setting with firm-to-firm supply relationships …
Persistent link: https://www.econbiz.de/10013294959
The purpose of this paper is to assess how restrictions on capital mobility affect adjustment to a tariff liberalization policy. This is done by comparing the adlustment process under free and restricted convertibility of foreign assets in a regime where the commercial exchange rate is pegged....
Persistent link: https://www.econbiz.de/10013224884
What kind of tariff reform is likely to raise welfare in situations where tariff revenue is important? Uncertainty about specification and risk from imprecise parameter estimates of any particular specification reduce the credibility of simulation estimates. A promising alternative is to develop...
Persistent link: https://www.econbiz.de/10013071511
In theory, we should expect tariffs to be partially offset by a currency appreciation in the tariff-imposing country or … by a depreciation in the country on which the tariff is imposed. We find, based on a calibrated model, that the tariffs … the dollar and the renminbi. We find that tariffs explained at most one fifth of the dollar effective appreciation but …
Persistent link: https://www.econbiz.de/10014346378
We show that the effects of tariff changes on welfare and import volume can be fully characterized by their effects on the generalized mean and variance of the tariff distribution. Using these tools, we derive new results for welfare- and market-access-improving tariff changes, which imply two...
Persistent link: https://www.econbiz.de/10013231221
manufactured goods tariffs that time paths of tariff reductions became a substantive part of GATT agreements. Existing empirical … work has demonstrated that U.S. industries with high initial tariffs tended to receive long periods for tariff adjustment ….S. tariffs and little intra-industry trade are associated with long NAFTA phase-out periods for U.S. imports from Mexico. Mexico …
Persistent link: https://www.econbiz.de/10013323467