TEACHING NOTE— CUSTOMS UNIONS VS. NON-PREFERENTIAL QUOTAS

Yeong-Her Yeh
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Yeong-Her Yeh: University of Hawaii, USA

The Singapore Economic Review (SER), 2002, vol. 47, issue 02, 269-273

Abstract: This paper intends to show that increasing a non-preferential import quota is always superior to joining a customs union, assuming that the customs union is small. However, increasing a non-preferential input quota is not necessarily superior to joining a customs union if the customs union is large and capable of influencing the terms of trade.

Keywords: Customs union; Non-preferential quotas (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1142/S0217590802000547

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