Comment on J.P. Neary, "Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs, and Subsidies to High-Technology Industries."

Article Abstract:

Peter Neary's paper is particular on how the concertina outcome is used in practice to support the increasing low tariff costs. If prices are regarded in a way that there is an untaxed numeraire among the products whose prices are being analyzed, then the lowest trade distortion is either in the numeraire good itself, in a tax cost that is equal to a radial decrease in all the other, positive, tax rates, or a subsidy for which a growth in the tax cost is actually a decline in the subsidy.

---

Pitfalls in the theory of international trade policy: concertina reforms of tariffs, and subsidies to high-technology industries

Article Abstract:

A link between international trade theory and the practice of trade and industrial policy in open economies exist. The concertina rule for tariff reform support decreases in high tariffs, without leading to uniformity and increases in low tariffs. The fundamental principles of tariff reform are similar in unilateral, multilateral and customs union contexts. The theory of strategic trade policy does not support subsidies to high-technology industries.

Standards

---

Aid, investment and incentives

Article Abstract:

Foreign aid and investment to poor countries may not really alleviate the latter's economic conditions and result in economic growth. The beneficial effect of such aid depends on the attitudes of both donor and recipient. To ensure that aid achieves its intended effect, the donor country should behave as an active Stackelberg leader, that is, it should intervene in the beneficiary country's decision-making processes.

Foreign Economic & Financial Assistance, Foreign investments, Economic aspects, Economic assistance, Foreign economic assistance

Similar abstracts:

• Abstracts: A general extension theorem for binary relations. Arrow's theorem in public good environments with convex technologies
• Abstracts: Was the monetarist tradition invented? Nonmarket institutions for credit and risk sharing in low-income countries
• Abstracts: Agriculture and the wealth of nations. Speed of policy reform and outcomes. Multinationals, linkages, and economic development
• Abstracts: The development of modern macroeconomics: reflections in the light of Johnson's analysis after twenty-five years
• Abstracts: Companies law amendments. Azerbaijan: requirements for registering companies. CDs and financial instruments joint stock companies can issue

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.