Tariffs, Income Distribution and Welfare in a Small Overlapping-Generations Economy
Abstract
This paper analyzes the welfare implications of an import tariff for a small overlapping-generations economy. The study analyzes the role of income redistribution, induced by the imposition of a tariff, in the determination of the time path of welfare levels. It is shown that despite homotheticity, the (implicit) pattern of distribution of tariff revenues is an integral and prominent component in the assessment of the welfare consequences of a tariff. The analysis provides sufficient conditions under which a tariff increases short-run as well as long-run welfare despite the absence of changes in the terms of trade. Copyright 1994 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.Download Info
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Bibliographic Info
Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.
Volume (Year): 35 (1994)
Issue (Month): 1 (February)
Pages: 173-92
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Leon Bettendorf & Ben Heijdra, 2001. "Intergenerational and International Welfare Leakages of a Product Subsidy in a Small Open Economy," International Tax and Public Finance, Springer, vol. 8(5), pages 705-729, November.
- Cremers, Emily T., 2005. "Intergenerational Welfare And Trade," Macroeconomic Dynamics, Cambridge University Press, vol. 9(05), pages 585-611, November.
- Joseph Francis Francois & Hugo ROJAS-ROMAGOSA, 2008. "Equity and International Trade," Economics working papers 2008-14, Department of Economics, Johannes Kepler University Linz, Austria.
- Osang, Thomas & Pereira, Alfredo, 1996. "Import tariffs and growth in a small open economy," Journal of Public Economics, Elsevier, vol. 60(1), pages 45-71, April.
- Bettendorf, Leon J.H. & Heijdra, Ben J., 1999.
"Intergenerational and international welfare leakages of a tariff in a small open economy,"
Research Report
99C19, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Bettendorf, Leon J.H. & Heijdra, Ben J., 1999. "Intergenerational and international welfare leakages of a tariff in a small open economy," CCSO Working Papers 199910, University of Groningen, CCSO Centre for Economic Research.
- Baldwin, Richard, 1990.
"Measurable Dynamic Gains from Trade,"
Working Paper Series
270, Research Institute of Industrial Economics.
- Baldwin, Richard E, 1992. "Measurable Dynamic Gains from Trade," Journal of Political Economy, University of Chicago Press, vol. 100(1), pages 162-74, February.
- Richard Baldwin, 1989. "Measureable Dynamic Gains from Trade," NBER Working Papers 3147, National Bureau of Economic Research, Inc.
- Francois, Joseph & Rojas-Romagosa, Hugo, 2004.
"Household Inequality, Welfare and the Setting of Trade Policy,"
CEPR Discussion Papers
4624, C.E.P.R. Discussion Papers.
- Joseph Francois & Hugo Rojas-Romagosa, 2005. "Household Inequality, Welfare, and the Setting of Trade Policy," The Institute for International Integration Studies Discussion Paper Series iiisdp81, IIIS.
- Francois, Joseph & Rojas-Romagosa, Hugo, 2010.
"Household Inequality, Social Welfare, and Trade,"
CEPR Discussion Papers
7998, C.E.P.R. Discussion Papers.
- Francois, Joseph & Rojas-Romagosa, Hugo, 2011. "Household inequality, social welfare, and trade," Journal of Development Economics, Elsevier, vol. 96(2), pages 422-431, November.
- Leon Bettendorf & Ben Heijdra, 2001. "Intergenerational welfare effects of a tariff under monopolistic competition," Journal of Economics, Springer, vol. 73(3), pages 313-346, October.
- Joseph Francois & Hugo Rojas-Romagosa, 2004. "Household Inequality, Welfare, and the Setting of Trade Policy," Tinbergen Institute Discussion Papers 04-086/2, Tinbergen Institute.
- Luis San Vicente Portes, 2005. "On the Distributional Effects of Trade Policy: A Macroeconomic Perspective," Computing in Economics and Finance 2005 358, Society for Computational Economics.
- Dinopoulos, Elias & Segerstrom, Paul, 1999. "The dynamic effects of contingent tariffs," Journal of International Economics, Elsevier, vol. 47(1), pages 191-222, February.
- Cremers, Emily T., 2006. "Dynamic efficiency in the two-sector overlapping generations model," Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 1915-1936, November.
- Francois, Joseph & Rojas-Romagosa, Hugo, 2005. "Equity, welfare, and the setting of trade policy in general equilibrium," Policy Research Working Paper Series 3731, The World Bank.
- Slaibi, Ahmad & Kyle, Steven C., 2006. "Macroeconomic Impact of Mineral Revenues on General Market Equilibrium and Poverty Alleviation in Sub-Saharan Africa," Working Papers 127059, Cornell University, Department of Applied Economics and Management.
- Dinopoulos, Elias & Syropoulos, Constantinos, 1997. "Tariffs and Schumpeterian growth," Journal of International Economics, Elsevier, vol. 42(3-4), pages 425-452, May.
- J. Francois & H. Rojas-Romagosa, 2004. "Trade Policy and the Household Distribution of Income," Tinbergen Institute Discussion Papers 04-051/2, Tinbergen Institute, revised 15 Jun 2004.
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