In Search of Some Criteria for Selecting Tariff Policies

Yong Kee Lee
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Yong Kee Lee: Yeungnam University

Korean Economic Review, 1997, vol. 13, issue 1, 89-101

Abstract: Economic effects of the ad valorem and specific tariffs on the changes in import composition and total import reduction within a product category are analyzed and compared. The eflects on the change in total imports depend on the current import composition of a product category consisting of two close substitutes (high and low qualities), and are responsive to price gaps between the different qualities and cross-price elasticities. Also, the empirical analysis reestablishes the Falvey’s result that specific tariff has a tendency to shift the import composition in favor of high quality while ad valorem tariff is neutral.

Date: 1997
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