Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/208522 
Year of Publication: 
2006
Series/Report no.: 
Working paper No. 5-2006
Publisher: 
Copenhagen Business School (CBS), Department of Economics, Frederiksberg
Abstract: 
We show that the standard concertina result for tariff reforms – i.e. lowering the highest tariff increases welfare – no longer holds in general if we allow for international capital mobility. The result can break down if the good whose tariff is lowered is not capital intensive. If the concertina reform lowers welfare it lowers market access as well, thereby compromising a second goal that is typically connected with trade liberalisation.
Subjects: 
Trade Policy Reform
International Factor Mobility
Welfare
Market Access
JEL: 
F11
F13
F15
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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