Welfare vs. market access
Subtitle: the implications of tariff structure for tariff reform
By: James E. Anderson, J. Peter Neary.
Contributors: Neary, J. Peter; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10730; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10730.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Tariff.; Import quotas.
Description: "We show that the effects of tariff changes on welfare and import volume can be fully characterized by their effects on the generalized mean and variance of the tariff distribution.  Using these tools, we derive new results for welfare- and market-access-improving tariff changes, which imply two 'cones of liberalization' in price space.  Because welfare is negatively but import volume positively related to the generalized variance, the cones do not intersect, which poses a dilemma for trade policy reform.  Finally, we show that generalized and trade-weighted moments are mutually proportional when the trade expenditure function is CES"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 1/10/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.