Tariffs and Welfare in New Trade Theory Models

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dc.contributor.author Felbermayr, Gabriel de_DE
dc.contributor.author Jung, Benjamin de_DE
dc.contributor.author Larch, Mario de_DE
dc.date.accessioned 2012-07-02 de_DE
dc.date.accessioned 2014-03-18T10:04:01Z
dc.date.available 2012-07-02 de_DE
dc.date.available 2014-03-18T10:04:01Z
dc.date.issued 2012 de_DE
dc.identifier.other 367525801 de_DE
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-63010 de_DE
dc.identifier.uri http://hdl.handle.net/10900/47954
dc.description.abstract Arkolakis, Costinot and Rodriguez-Clare (ACR, 2012) prove that, conditional on the change in openness, the welfare gains from foreign trade reforms are quantitatively identical across single-sector trade models with radically different micro-foundations. We generalize this result to domestic and multilateral trade reforms. And we extend it to cover revenue generating import tariffs. This gives rise to a new type of welfare isomorphisms across models and liberalization scenarios and allows deriving a structurally identical optimal tariff formula. In contrast to the case of iceberg trade costs, welfare formulas based on tariff reforms are highly nonlinear and build on different types of trade elasticities and openness indices. Most importantly, the ACR iceberg formula necessarily underestimates the gains from trade. A stylized calibration of the model shows that the underestimation can be large. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Außenhandel , Außenhandelspolitik de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Gravity Equation , Monopolistic Competition , Heterogeneous Firms , Armington Model; International Trade , Trade Policy , Gains from Trade en
dc.title Tariffs and Welfare in New Trade Theory Models en
dc.type ResearchPaper de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE
utue.opus.id 6301 de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; 41 de_DE

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