Tariff revenue, government expenditure and growth in a small open economy

研究成果: Article査読

1 被引用数 (Scopus)

抄録

I develop a small open endogenous growth model with domestic and foreign intermediate goods. The Marshallian external economies in the domestic intermediate goods sector work as the engine of sustained growth. The model offers two arguments. First, imposing a trade distortion is growth- and welfare-improving if the government uses the tariff revenue for correcting the domestic distortion. Second, comparing the tariff with a lump-sum tax as a financing device, the former is certainly worse than the latter with respect to both growth and welfare if the two intermediate goods are substitutes.

本文言語English
ページ(範囲)391-406
ページ数16
ジャーナルJapanese Economic Review
51
3
DOI
出版ステータスPublished - 2000 1 1
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学

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