Endogenous choice of trade policy instruments

Endogenous choice of trade policy instruments

Recently developed theories of endogenous trade policy formation have attempted to explain tariffs as the result of economic interest-seeking by individuals or groups. This note demonstrates that tariffs will not emerge as a policy choice if income is redistributed solely through trade policy-induce...

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Veröffentlicht in:Journal of international economics 1987-11, Vol.23 (3), p.377-381
Hauptverfasser: Mayer, Wolfgang, Riezman, Raymond G.
Format: Artikel
Sprache:eng
Schlagworte:
Choices
Economic models
Economic theory
Income redistribution
Instruments
Mathematical analysis
Political systems
Production factors
Selection
Self interest
Subsidies
Tariffs
Taxes
Trade policy
Welfare economics
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Beschreibung
Zusammenfassung:Recently developed theories of endogenous trade policy formation have attempted to explain tariffs as the result of economic interest-seeking by individuals or groups. This note demonstrates that tariffs will not emerge as a policy choice if income is redistributed solely through trade policy-induced factor price changes. A production tax cum subsidy will be adopted as both gainers and losers are better off than with a tariff.
ISSN:0022-1996
1873-0353
DOI:10.1016/0022-1996(87)90063-8