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Tariffication of a Distorted Economy: A CGE Analysis

Author

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  • William H. Kaempfer
  • Martin T. Ross
  • Thomas F. Rutherford

Abstract

This paper examines the consequences of the tariffication of a quota when there are several potential distortions present in a country, including domestic monopoly and wage rigidities. It is generally presumed that tariffs are superior to quotas because of their transparency and revenue‐raising attributes. However, in the presence of multiple distortions, liberalization of a single policy instrument may result in net welfare losses. The findings suggest that, in a general equilibrium context, such a liberalization policy will have ambiguous effects upon aggregate domestic welfare in the country undertaking the tariffication.

Suggested Citation

  • William H. Kaempfer & Martin T. Ross & Thomas F. Rutherford, 1997. "Tariffication of a Distorted Economy: A CGE Analysis," Review of Development Economics, Wiley Blackwell, vol. 1(2), pages 207-218, June.
    • Handle: RePEc:bla:rdevec:v:1:y:1997:i:2:p:207-218
    DOI: 10.1111/1467-9361.00014
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    Cited by:

    1. Haixiao Huang, Walter C. Labys, 2002. "Environment and trade: a review of issues and methods," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 2(1/2), pages 100-160.
    2. Chen, Fang-Yueh, 2023. "Trade warfare and sanctions in vertically related markets," Economic Modelling, Elsevier, vol. 121(C).
    3. Chen, Hung-Yi & Chang, Yang-Ming & Chiou, Jiunn-Rong, 2011. "A welfare analysis of tariffs and equivalent quotas under demand uncertainty: Implications for tariffication," International Review of Economics & Finance, Elsevier, vol. 20(4), pages 549-561, October.

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