| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP3025
|
| DP3025 Growth and Human Capital: Good Data, Good Results |
| Daniel Cohen; Marcelo Soto
|
| 发表日期 | 2001-10-23
|
| 出版年 | 2001
|
| 语种 | 英语
|
| 摘要 | We study a two-country model where two firms, one domestic and the other foreign, must decide when to introduce their new product into the market. The home government may apply an import tariff, an administrative delay or both to the product of the foreign firm. An administrative delay imposes a waiting period between the time when the quality of the foreign product is determined and the time when the product can actually be sold. Our main interest is the differential effect of the tariff and the administrative delay on the timing of new product introductions and the resulting changes in home, foreign and world welfare. We show that administrative delays are less efficient instruments for maximizing home welfare than tariffs. With a tariff, the home government can affect the timing of entry to ensure that the domestic firm moves first at the socially optimal date. Although an optimally chosen delay can achieve the same pattern of introduction, it does not yield any tariff revenues. As a result, if the tariff may be set optimally, administrative delays are not used in a discriminatory manner. If trade liberalization constrains the import tariff to be below its domestically optimal level, discriminatory administrative delays may become part of the optimal policy of the home country. As the optimal delay policy leads to lower levels of world welfare than the optimal tariff, trade liberalization can be welfare decreasing. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Administrative delays
Home
foreign and world welfare
Tariff revenues
|
| URL | https://cepr.org/publications/dp3025
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532049
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推荐引用方式
GB/T 7714 |
Daniel Cohen,Marcelo Soto. DP3025 Growth and Human Capital: Good Data, Good Results. 2001.
|
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