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Ad valorem tariff and spatial equilibrium models

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  • Stephen Devadoss

Abstract

The objectives of this article are to illustrate theoretically and empirically how to incorporate an ad valorem tariff in spatial equilibrium models and show the equivalence of three approaches (primal, dual and MCP) of spatial equilibrium trade modelling. The article lays out in detail the theory, empirical applications and the results for all three approaches so that trade modellers can easily follow and apply them in their work. The primal approach is commonly used by spatial equilibrium modellers, though the dual approach corresponds to the textbook depiction of consumer surplus, producer surplus and gains from trade. The Mixed Complementarity Problem (MCP) is not commonly used by spatial equilibrium modellers, though it is relatively simpler if the modeller knows the equilibrium conditions. This article also presents advantages and disadvantages of each approach.

Suggested Citation

  • Stephen Devadoss, 2013. "Ad valorem tariff and spatial equilibrium models," Applied Economics, Taylor & Francis Journals, vol. 45(23), pages 3378-3386, August.
    • Handle: RePEc:taf:applec:v:45:y:2013:i:23:p:3378-3386
    DOI: 10.1080/00036846.2012.711943
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    Citations

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    Cited by:

    1. Stephen Devadoss & William Ridley, 2014. "Effects of the Mexican Apple Tariff on the World Apple Market," Review of Development Economics, Wiley Blackwell, vol. 18(4), pages 763-777, November.
    2. Ethan Sabala & Stephen Devadoss, 2021. "Spatial equilibrium analysis of Chinese tariff on world cotton markets," The World Economy, Wiley Blackwell, vol. 44(7), pages 2188-2202, July.
    3. Yakubu Abdul-Salam, 2019. "Evaluating the Impact of Brexit on Natural Gas Trade between the UK and the EU – A Spatial Equilibrium Analysis," CEERP Working Paper Series 008, Centre for Energy Economics Research and Policy, Heriot-Watt University.
    4. Asci, Serhat & Ramaswamy, Karthik & Devadoss, Stephen & Konduru, Srinivasa P., 2020. "Modern Time Trade Wars: Chinese Retaliatory Tariffs vs California’s Tree Nuts industry," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304532, Agricultural and Applied Economics Association.
    5. Asci, Serhat C. & Paggi, Mechel & Yamazaki, Fumiko, 2016. "Implications of Trans-Pacific Partnership for the US Dairy Industry," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(B), pages 1-16, August.
    6. Vorotnikova, Ekaterina & Devadoss, Stephen, 2016. "The Effects of Panama Canal Expansion on US Dairy Trade Flows: West, East, and Gulf District Regions," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(B), pages 1-20, August.
    7. Pelikan, Janine & Boimah, Mavis & Chibanda, Craig & Deblitz, Claus & Gunarathne, Anoma & Almadani, Isam Mohamad & Schott, Johanna & Thobe, Petra & Weible, Daniela & Zamani, Omid, 2022. "European Exports of Poultry and Milk Products to Ghana and Senegal: A Blessing or a Curse?," Conference papers 333432, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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