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Trade Liberalisation and Shadow Prices in the Presence of Tariffs and Quotas.

Abstract:

This paper examines the welfare effects of trade liberalization and economic growth in an economy which is large enough to influence world prices and in which trade is restricted by both tariffs and quotas. The author derives general expressions for shadow prices of goods and foreign exchange and uses them to generalize the standard radial reduction and concertina reform results. He also derives a general expression for shadow prices of factors of production and uses it to synthesize the clas...

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Journal:
International Economic Review More from this journal
Volume:
36
Publication date:
1995-01-01
ISSN:
0020-6598
Language:
English
UUID:
uuid:f76ab4ef-6c94-4b71-99ad-6ae3221bf4ba
Local pid:
oai:economics.ouls.ox.ac.uk:10763
Deposit date:
2011-08-16

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