Piecemeal trade reform in presence of producer-specific domestic subsidies

John C. Beghin, Larry S. Karp

Research output: Contribution to journalArticlepeer-review

Abstract

We extend the theory of unilateral piecemeal tariff reforms by considering both economy-wide (tariffs) and sector-specific (production subsidies) distortions. Sufficient conditions for welfare-improving policy reforms involve both tariffs and sector-specific distortions changes and require stronger assumptions on goods' substitutability and the structure of distortions.

Original languageEnglish (US)
Pages (from-to)65-71
Number of pages7
JournalEconomics Letters
Volume39
Issue number1
DOIs
StatePublished - May 1992
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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