Resource title

Concertina Reforms with International Capital Mobility

Resource image

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Resource description

We show that the standard concertina result for tariff reforms – i.e. loweringthe 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, F15Key words: Trade Policy Reform, International Factor Mobility, Welfare, MarketAccess

Resource author

Pascalis Raimondos-Møller, Udo Kreickemeier

Resource publisher

Resource publish date

Resource language

eng

Resource content type

application/pdf

Resource resource URL

http://hdl.handle.net/10398/7637

Resource license

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