Please use this identifier to cite or link to this item:
Neary, James Peter
Year of Publication: 
Series/Report no.: 
Working Paper Series, UCD Centre for Economic Research 05/04
This paper presents a general result for simultaneous reform of tari¤s and quotas in a small open economy, where some of the quota rents do not accrue to domestic residents. Absent highly perverse income e¤ects, welfare must rise following a uniform proportionate reduction in tari¤s and a uniform proportionate relaxation of quotas, weighted by their rent-retention parameters. Previous results are shown to be special cases of this one, and its implications for practical policy advice and its relationship with the policy of 'tarification' of quotas are noted.
International trade policy
piecemeal policy reform
tari¤s and quotas
tarification of quotas
trade liberalisation
voluntary export restraints trade liberalisation
voluntary export restraints.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
203.17 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.