Concertina Reforms with International Capital Mobility

OPEN ARCHIVE

Union Jack
Dannebrog

Concertina Reforms with International Capital Mobility

Show full item record

Title: Concertina Reforms with International Capital Mobility
Author: Raimondos-Møller, Pascalis; Kreickemeier, Udo
Abstract: We show that the standard concertina result for tariff reforms – i.e. lowering the highest tariff increases welfare – no longer holds in general if we allow for international capital mobility. The result can break down if the good whose tariff is lowered is not capital intensive. If the concertina reform lowers welfare it lowers market access as well, thereby compromising a second goal that is typically connected with trade liberalisation. JEL-Classification: F11, F13, F15 Key words: Trade Policy Reform, International Factor Mobility, Welfare, Market Access
URI: http://hdl.handle.net/10398/7637
Date: 2006-10-31

Creative Commons License This work is licensed under a Creative Commons License.

Files Size Format View
wp5-2006.pdf 154.1Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record