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Simultaneous reform of tariffs and quotas

Abstract:
This paper presents a general result for simultaneous reform of tariffs and quotas in a small open economy, where some of the quota rents do not accrue to domestic residents. Absent highly perverse income effects, welfare must rise following a uniform proportionate reduction in tariffs and a uniform proportionate relaxation of quotas, weighted by their rent-retention parameters. Previous results are shown to be special cases of this one, and its implications for practical policy advice and its relationship with the policy of "tariffication" of quotas are discussed.
Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1111/j.1467-9396.2006.00637.x

Authors

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
Industrial Economics
Oxford college:
Merton College
Role:
Author


Publisher:
Blackwell Publishing
Journal:
Review of International Economics More from this journal
Volume:
15
Issue:
1
Pages:
37-44
Publication date:
2007-02-01
DOI:
EISSN:
1467-9396
ISSN:
0965-7576


Language:
English
Keywords:
Subjects:
UUID:
uuid:b8c92b06-e2bb-42ce-989d-ca3481e8f324
Local pid:
ora:2109
Deposit date:
2008-06-19
ARK identifier:

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