Arbeitspapier

Concertina Reforms with International Capital Mobility

We show that the standard concertina result for tariff reforms – i.e. lowering the 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.

Language
Englisch

Bibliographic citation
Series: Working paper ; No. 5-2006

Classification
Wirtschaft
Neoclassical Models of Trade
Trade Policy; International Trade Organizations
Economic Integration
Subject
Trade Policy Reform
International Factor Mobility
Welfare
Market Access

Event
Geistige Schöpfung
(who)
Kreickemeier, Udo
Raimondos-Møller, Pascalis
Event
Veröffentlichung
(who)
Copenhagen Business School (CBS), Department of Economics
(where)
Frederiksberg
(when)
2006

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Kreickemeier, Udo
  • Raimondos-Møller, Pascalis
  • Copenhagen Business School (CBS), Department of Economics

Time of origin

  • 2006

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