Correcting trade distortions in a small open economy
Lahiri, S. & Raimondos-Møller, Pascalis (1996) Correcting trade distortions in a small open economy. Review of International Economics, 4(3), pp. 287-299.
This paper considers the second-best strategy of correcting a wide variety of trade distortions in a small open economy with perfect competition in all markets. Using the tools of duality, we obtain some general properties of the structure and the levels of the optimal taxlsubsidy rates. The paper also analyzes the welfare effects of unilateral piecemeal trade policy reforms when some of the quota distortions—imposed by the foreign countries—are unalterable. It is shown that the merits of unilateral trade policy reforms that are emphasized in the literature crucially depend on the absence of unalterable foreign imposed quotas.
Impact and interest:
Citation counts are sourced monthly from and citation databases.
These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.
Citations counts from theindexing service can be viewed at the linked Google Scholar™ search.
|Item Type:||Journal Article|
|Copyright Owner:||Copyright 1996 Wiley-Blackwell Publishing Ltd.|
|Deposited On:||22 Mar 2016 04:44|
|Last Modified:||22 Mar 2016 04:45|
Repository Staff Only: item control page