| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP345 |
| DP345 Trade Liberalization and Shadow Prices in the Presence of Tariffs and Quotas | |
| Peter Neary | |
| 发表日期 | 1989-11-01 |
| 出版年 | 1989 |
| 语种 | 英语 |
| 摘要 | This paper examines the welfare effects of partial trade liberalization when trade is restricted by tariffs, quotas or some combination of both instruments. Rules for optimal first- and second-best intervention are derived and illustrated (using a new geometric technique) in both small and large open economies. A general expression for shadow prices of factors of production, which applies in both small and large economies, with or without quotas, is also derived. Welfare paradoxes are possible whenever exogenous changes raise (lower) imports of goods subject to trade restrictions which are below (above) optimal levels. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Immiserizing growth Piecemeal policy reform Quotas Shadow prices Tariffs Trade liberalization |
| URL | https://cepr.org/publications/dp345 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529502 |
| 推荐引用方式 GB/T 7714 | Peter Neary. DP345 Trade Liberalization and Shadow Prices in the Presence of Tariffs and Quotas. 1989. |
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