Trade reform with a government budget constraint:
The standard theory of trade reform uses a passive government budget constraint, in which changes in tariff revenue are offset by changes in lump sum transfers. This paper offers a general framework for the analysis of trade reform when the government budget constraint is active, meaning that tariff...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
1996
|
| Schriftenreihe: | NBER working paper series
5827 |
| Schlagworte: | |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | The standard theory of trade reform uses a passive government budget constraint, in which changes in tariff revenue are offset by changes in lump sum transfers. This paper offers a general framework for the analysis of trade reform when the government budget constraint is active, meaning that tariff revenue cuts must be offset by distortionary fiscal policy changes --- public good supply cuts or alternative tax increases. Useful and simple new expressions characterizing welfare improving trade reform compare the Marginal Cost of Funds (MCF) of trade taxes with the MCF of consumption taxes. The MCF expressions provide an intuitive index number which is operational with Computable General Equilibrium models. The theoretical analysis and an application to Korean data in 1963 both cast doubt on the desirability of tariff cuts in convex competitive economies with active government budget constraints. |
| Beschreibung: | 34 S. graph. Darst. |
Internformat
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| 520 | |a The standard theory of trade reform uses a passive government budget constraint, in which changes in tariff revenue are offset by changes in lump sum transfers. This paper offers a general framework for the analysis of trade reform when the government budget constraint is active, meaning that tariff revenue cuts must be offset by distortionary fiscal policy changes --- public good supply cuts or alternative tax increases. Useful and simple new expressions characterizing welfare improving trade reform compare the Marginal Cost of Funds (MCF) of trade taxes with the MCF of consumption taxes. The MCF expressions provide an intuitive index number which is operational with Computable General Equilibrium models. The theoretical analysis and an application to Korean data in 1963 both cast doubt on the desirability of tariff cuts in convex competitive economies with active government budget constraints. | ||
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| 650 | 4 | |a Budget |x Mathematical models | |
| 650 | 4 | |a Budget |z Korea (South) | |
| 650 | 4 | |a Fiscal policy |x Mathematical models | |
| 650 | 4 | |a Fiscal policy |z Korea (South) | |
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Datensatz im Suchindex
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| geographic | Korea (South) Commercial policy |
| geographic_facet | Korea (South) Commercial policy |
| id | DE-604.BV011540224 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:11:29Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007768211 |
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| physical | 34 S. graph. Darst. |
| publishDate | 1996 |
| publishDateSearch | 1996 |
| publishDateSort | 1996 |
| record_format | marc |
| series | NBER working paper series |
| series2 | NBER working paper series |
| spelling | Anderson, James E. 1943- Verfasser (DE-588)124786278 aut Trade reform with a government budget constraint James E. Anderson Cambridge, Mass. 1996 34 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier NBER working paper series 5827 The standard theory of trade reform uses a passive government budget constraint, in which changes in tariff revenue are offset by changes in lump sum transfers. This paper offers a general framework for the analysis of trade reform when the government budget constraint is active, meaning that tariff revenue cuts must be offset by distortionary fiscal policy changes --- public good supply cuts or alternative tax increases. Useful and simple new expressions characterizing welfare improving trade reform compare the Marginal Cost of Funds (MCF) of trade taxes with the MCF of consumption taxes. The MCF expressions provide an intuitive index number which is operational with Computable General Equilibrium models. The theoretical analysis and an application to Korean data in 1963 both cast doubt on the desirability of tariff cuts in convex competitive economies with active government budget constraints. Mathematisches Modell Budget Mathematical models Budget Korea (South) Fiscal policy Mathematical models Fiscal policy Korea (South) Tariff Mathematical models Tariff Korea (South) Korea (South) Commercial policy Erscheint auch als Online-Ausgabe NBER working paper series 5827 (DE-604)BV002801238 5827 http://papers.nber.org/papers/w5827.pdf kostenfrei Volltext |
| spellingShingle | Anderson, James E. 1943- Trade reform with a government budget constraint NBER working paper series Mathematisches Modell Budget Mathematical models Budget Korea (South) Fiscal policy Mathematical models Fiscal policy Korea (South) Tariff Mathematical models Tariff Korea (South) |
| title | Trade reform with a government budget constraint |
| title_auth | Trade reform with a government budget constraint |
| title_exact_search | Trade reform with a government budget constraint |
| title_full | Trade reform with a government budget constraint James E. Anderson |
| title_fullStr | Trade reform with a government budget constraint James E. Anderson |
| title_full_unstemmed | Trade reform with a government budget constraint James E. Anderson |
| title_short | Trade reform with a government budget constraint |
| title_sort | trade reform with a government budget constraint |
| topic | Mathematisches Modell Budget Mathematical models Budget Korea (South) Fiscal policy Mathematical models Fiscal policy Korea (South) Tariff Mathematical models Tariff Korea (South) |
| topic_facet | Mathematisches Modell Budget Mathematical models Budget Korea (South) Fiscal policy Mathematical models Fiscal policy Korea (South) Tariff Mathematical models Tariff Korea (South) Korea (South) Commercial policy |
| url | http://papers.nber.org/papers/w5827.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT andersonjamese tradereformwithagovernmentbudgetconstraint |