The Common External Tariff of a Customs Union: Alternative Approaches

T. Srinivasan

Working Papers from Yale - Economic Growth Center

Abstract: This paper describes alternative approaches to the central question of common external tariffs of a Custom Union. Taking off from the work of Kemp and Wan who showed the existence of a common external tariff of CU that deeps the welfare of non-members unchanged while revising that of the CU as compared to the situation prior to the formation of CU, it characterizes such a tariff structure for two leading benchmark examples as consumption-weighted average of pre-union tariffs and subsidies in the member countries.

Keywords: CUSTOMS UNIONS; FREE TRADE AREAS; TARIFFS; TARIFF POLICY (search for similar items in EconPapers)
JEL-codes: F13 F31 (search for similar items in EconPapers)
Pages: 32 pages
Date: 1996
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Citations: View citations in EconPapers (2)

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Journal Article: The common external tariff of a customs union: Alternative approaches (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:yalegr:755

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