On the equivalence of quantitative trade restrictions and tariffs

On the equivalence of quantitative trade restrictions and tariffs

A difficulty with industrial policy regarding the uncertainty about infant industries' long-term potential. We argue that alternative commercial policy instruments may be associated with differences in the speed and accuracy with which the government learns about industry type.

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Veröffentlicht in:Economics letters 2007-09, Vol.96 (3), p.331-336
Hauptverfasser: Dellas, Harris, Fernandes, Ana, Neusser, Klaus
Format: Artikel
Sprache:eng
Schlagworte:
Bayes procedure
Commercial policy
Industrial policy
Infant industry
Learning
Tariffs
Trade barriers
Trade instruments
Uncertainty
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Beschreibung
Zusammenfassung:A difficulty with industrial policy regarding the uncertainty about infant industries' long-term potential. We argue that alternative commercial policy instruments may be associated with differences in the speed and accuracy with which the government learns about industry type.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2007.02.003