Endogenous Tariff Formation: The Case of Mercosur
AbstractThis paper confronts the results of the endogenous tariff literature with MERCOSUR (Mercado Comun del Sur, literally, âthe Common Market of the Southern Coneâ) evidence. It is shown that MERCOSURâs common external tariff (CET), and member countriesâ deviations from the CET and from internal free trade can be explained by sector/industry lobbying as predicted by the endogenous tariff literature. If political economy viability is a key to success, then MERCOSUR is here to stay.
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Bibliographic InfoArticle provided by World Bank Group in its journal World Bank Economic Review.
Volume (Year): 12 (1998)
Issue (Month): 2 (May)
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Other versions of this item:
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
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