Tariff reform in the presence of sector-specific distortions

J. Beghin; L. S. Karp

doi:10.2307/135865

Tariff reform in the presence of sector-specific distortions

J. Beghin, L. S. Karp

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

The problem of choosing second-best trade policies is modified by including sector-specific policies as well as tariffs. Formulae for the optimal tariff and sector-specific subsidy are derived and used to study the design of optimal policy menus. The theory is applied to a computable general equilibrium model of the US economy which emphasizes agriculture. The model suggests that non-agricultural distortions do not provide a second-best argument for substantial levels of agricultural protection. -Authors

Original language	English (US)
Pages (from-to)	294-309
Number of pages	16
Journal	Canadian Journal of Economics
Volume	25
Issue number	2
DOIs	https://doi.org/10.2307/135865
State	Published - 1992
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

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Tariff reform in the presence of sector-specific distortions

Abstract

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