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in import tariffs, and we apply this method to the United States. Tariff revenue is assumed to be distributed on a per …-capita basis, so states with greater production will experience a welfare gain from tariffs on those products (due to rising … states benefitted from reduced tariffs, with national welfare gains of $5.8 billion or $50 per household in 2017. These …
Persistent link: https://www.econbiz.de/10015072948
Persistent link: https://www.econbiz.de/10003500507
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/10012477207
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/10012477367
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/10012477551
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/10012477906
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/10012472573
Uniform tariffs have become increasingly popular in recent years, yet their economic rationale is not strong. We … regime than under a regime in which tariffs are allowed to differ. Second, an input-price effect may dampen the enthusiasm of …
Persistent link: https://www.econbiz.de/10012475355
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/10012458030
sectors. Temporary as well as permanent tariffs are discussed …
Persistent link: https://www.econbiz.de/10012475720