Concertina Reforms with International Capital Mobility

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

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

Classification and Topics

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

Contributors, Places and Time

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

Further information

• Handle: http://hdl.handle.net/10419/208522
• Last update: 10.03.2025, 11:43 AM CET