| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15697 |
| DP15697 A Second-best Argument for Low Optimal Tariffs | |
| Lorenzo Caliendo; Robert Feenstra; John Romalis; Alan M. Taylor | |
| 发表日期 | 2021-01-22 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We derive a new formula for the optimal uniform tariff in a small-country, heterogeneous-firm model with roundabout production and a nontraded good. Tariffs are applied on imported intermediate inputs. First-best policy requires that markups on domestic intermediate inputs are offset by subsidies. In a second-best setting where such subsidies are not used, the double- marginalization of domestic markups creates a strong incentive to lower the optimal tariff on imported inputs. In a 186-country quantitative model, the median optimal tariff is 10%, and negative for five countries, as compared to 27% in manufacturing from the one-sector, optimal tariff formula without roundabout production. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Trade policy Monopolistic competition Gains from trade Input-output linkages |
| URL | https://cepr.org/publications/dp15697 |
| 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/544704 |
| 推荐引用方式 GB/T 7714 | Lorenzo Caliendo,Robert Feenstra,John Romalis,et al. DP15697 A Second-best Argument for Low Optimal Tariffs. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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