Connolly, Michelle; Yi, Kei-Mu - Federal Reserve Bank of Philadelphia - 2009
importance of one key set of policies, the trade policy reforms in Korea, as well as the concurrent GATT tariff reductions. They … and simulate the effects of three sets of tariff reductions that occurred between the early 1962 and 1995. Their main … the manufacturing sector. The authors find that the effects of the tariff reductions taken together are about twice as …