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Macroeconomic Impact of a Tariff Reduction: A Three–Gap Analysis with Model Simulations

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  • Yap, Josef T.

Abstract

Using the interplay of saving, foreign exchange and fiscal constraints, this study determines the impact of trade liberalization, the tariff reduction in particular, on macroeconomic balances. This study then quantifies these effects using a smaller version of the PIDS Annual Macro econometric Model. Results indicate the importance of exchange rate and tax policies.

Suggested Citation

  • Yap, Josef T., 1997. "Macroeconomic Impact of a Tariff Reduction: A Three–Gap Analysis with Model Simulations," Discussion Papers DP 1997-03, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_1997-03
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    References listed on IDEAS

    as
    1. Bacha, Edmar L., 1990. "A three-gap model of foreign transfers and the GDP growth rate in developing countries," Journal of Development Economics, Elsevier, vol. 32(2), pages 279-296, April.
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