| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4675 |
| DP4675 Deconstructing the Art of Central Banking | |
| Tamim Bayoumi; Silvia Sgherri | |
| 发表日期 | 2004-10-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We study a North-South trade situation in which prices are perfectly flexible and knowledge spills over from Northern to Southern firms. In a partial equilibrium setup we analyse the role of tariffs in preventing technological leakages and their impact on domestic (Northern) consumers and producers. We show that, unlike in conventional results, tariff protection preserves or raises consumer?s welfare relative to free trade. Moreover, tariff protection keeps foreign (Southern) firms out of the market, and therefore, R&D becomes appropriable. Even though the innovation level remains the same as under free trade, total industry efficiency increases. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Tariff protection Intellectual property rights Perfect price flexibility |
| URL | https://cepr.org/publications/dp4675 |
| 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/533596 |
| 推荐引用方式 GB/T 7714 | Tamim Bayoumi,Silvia Sgherri. DP4675 Deconstructing the Art of Central Banking. 2004. |
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