THE GROWTH AND WELFARE CONSEQUENCES OF DIFFERENTIAL TARIFFS

被引:19
作者
BROCK, PL [1 ]
TURNOVSKY, SJ [1 ]
机构
[1] NATL BUR ECON RES, CAMBRIDGE, MA 02138 USA
关键词
D O I
10.2307/2526965
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes the impact of differential tariffs on consumption and investment in a specific factors model of a small open economy in which capital is accumulated over time. Particular attention is devoted to the welfare aspects, highlighting the cost of the intertemporal distortions produced by protective trade policies. Several specific welfare propositions are obtained. First, tariff protection is shown to create short-run benefits but long-run costs in welfare. Second, the second-best policy for the two tariffs is characterized. Finally, several propositions summarizing the implications of our analysis for tariff reform are derived.
引用
收藏
页码:765 / 794
页数:30
相关论文
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