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Tarrif reform in the presence of sector specific distortions

Record type: Article

The problem of choosing second-best trade policies is modified by including sector-policies as well as tariffs. Formulae for the optimal tariff and sector-specific subsidy are derived and used to study the design of optimal policy menus. The theory is applied to a computable general equilibrium model of the U.S. economy which emphasizes agriculture. The model suggests that non-agricultural distortions do not provide a second-best argument for substantial levels of agricultural protection.
Réforme tarifaire quand il existe des distorsions spécifiques à un secteur. Le problème du choix de politiques commerciales de second-ordre est modifié quand on inclut des politiques spécifiques à un secteur tout autant que les tarifs douaniers. Les auteurs dérivent les formules pour le tarif optimal et pour la subvention sectorielle optimale et les utilisent dans l'étude de la construction des menus de politiques optimales. Ils appliquent la théorie à un modèle calculable d'équilibre général de l'économie des Etats-Unis qui met l'accent sur le secteur agricole. Le modèle suggère que des distorsions dans les secteurs non-agricoles ne fournissent pas un argument de second-ordre qui supporterait des niveaux de protection substantiels pour le secteur agricole.

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Citation

Beghin, John and Karp, Larry S. (1992) Tarrif reform in the presence of sector specific distortions Canadian Journal of Economics / Revue canadienne d'Economique, 25, (2), pp. 294-309.

More information

Published date: May 1992

Identifiers

Local EPrints ID: 32974
URI: http://eprints.soton.ac.uk/id/eprint/32974
ISSN: 0008-4085
PURE UUID: d9d36a08-29e5-4827-803b-9106552ac751

Catalogue record

Date deposited: 11 Dec 2007
Last modified: 17 Jul 2017 15:54

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Contributors

Author: John Beghin
Author: Larry S. Karp

University divisions

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