Tariffs and Sectoral Adjustments in an Open Economy

Stephen J Turnovsky ()

No 3315, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper analyzes the impact of a tariff on sectoral adjustments in an economy which produces two traded consumption goods, one of which is exported, and a non-traded investment good. The importance of sectoral capital intensities is emphasized. In particular, the qualitative dynamic adjustment depends upon the relative capital intensities of the import-competing consumption good sector and the non-traded investment good sector. Sectoral labor allocation effects are analyzed and the long-run effect on aggregate capital accumulation is shown to depend upon the relative capital intensities of the import and export sectors. Temporary as well as permanent tariffs are discussed.

Date: 1991-02
Note: ITI IFM
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Related works:
Journal Article: Tariffs and sectoral adjustments in an open economy (1991)
Working Paper: TARIFFS AND SECTORAL ADJUSTMENTS IN AN OPEN ECONOMY (1990)
Working Paper: TARIFFS AND SECTORAL ADJUSTMENTS IN AN OPEN ECONOMY (1990)
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