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
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Englisch
- Bibliographic citation
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Series: Working paper ; No. 5-2006
- Classification
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Wirtschaft
Neoclassical Models of Trade
Trade Policy; International Trade Organizations
Economic Integration
- Subject
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Trade Policy Reform
International Factor Mobility
Welfare
Market Access
- Event
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Geistige Schöpfung
- (who)
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Kreickemeier, Udo
Raimondos-Møller, Pascalis
- Event
-
Veröffentlichung
- (who)
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Copenhagen Business School (CBS), Department of Economics
- (where)
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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