Olarreaga, M - Geneva School of Economics and Management, Université … - 1996
. In the presence of trade-promoting and trade-neutral foreign capital, lobbying pressures for a higher tariff are lower … whereas if foreign capital is trade-substituting, conflicting interests may result into higher or lower lobbying pressures for … tariffs. Arguments for a tariff, based on social welfare grouds, are smaller if foreign-owned capital is trade- neutral. …