Trade Reform Diagnostics with Many Households, Quotas, and Tariffs
AbstractThe desirability of trade reform paired with revenue neutral changes in other distortionary taxes is an empirical question. With a particular Computable General Equilibrium model of an economy, particular reforms can be evaluated, but the robustness of conclusions is suspect; they depend on a particular specification and parameterization of the model economy. This paper provides a diagnostic toolkit which permits sensitivity analysis across model specifications and parameterizations. Novel elements are an emphasis on the concept of compensated Marginal Cost of Funds (MCF), development of the MCF of quotas and analysis of the relationship between aggregate MCF and social welfare.
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Bibliographic InfoPaper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 417.
Length: 34 pages
Date of creation: 05 Feb 1999
Date of revision: 03 May 2000
Publication status: published, Review of International Economics, 2002, 10, 215-36
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Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA
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Marginal cost of funds; trade reform;
Other versions of this item:
- Anderson, James E, 2002. "Trade Reform Diagnostics with Many Households, Quotas, and Tariffs," Review of International Economics, Wiley Blackwell, vol. 10(2), pages 215-36, May.
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
This paper has been announced in the following NEP Reports:
- NEP-ALL-1999-02-15 (All new papers)
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