Falling tariffs: implications of globalization-induced tariff reductions on firms, workers, and tax revenues

Nora Strecker, Georg U. Thunecke and Benedikt Zoller-Rydzek

No wp-2024-23, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Rising globalization has exerted a downward pressure on global tariffs, thereby eroding tariff revenues in developing nations. We analyse how gains from lowering import tariffs are distributed within the firm and the corresponding tax (base) implications. First, we study the effect of tariff changes on imports. Second, we estimate the firm-level semi-elasticities of profits, sales, capital, and wages with respect to import tariffs.

Keywords: Globalization; Taxation; Tariffs; Inequality; Tax revenue (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-int, nep-pbe and nep-pub
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