Pitfalls in the theory of international trade policy : concertina reform of tariffs, and subsidies to high-technology industries

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dc.contributor.author Neary, J. Peter
dc.date.accessioned 2011-06-14T14:24:18Z
dc.date.available 2011-06-14T14:24:18Z
dc.date.issued 1997-09-24
dc.identifier.uri http://hdl.handle.net/10197/2979
dc.description.abstract This paper explores the links between international trade theory and the practice of trade and industrial policy in open economies, with special attention to three areas where theoretical lessons have been misunderstood in policy debates. I argue that the "concertina rule" for tariff reform justifies reductions in high tariffs but not moves towards uniformity and particularly not increases in low tariffs. I show that the basic principles of tariff reform are the same in unilateral, multilateral and customs union contexts. Finally, I suggest that the theory of strategic trade policy does not justify subsidies to high-technology industries. en
dc.description.sponsorship Not applicable en
dc.format.extent 4100473 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Economics en
dc.relation.ispartofseries UCD Centre for Economic Research Working Paper Series en
dc.relation.ispartofseries WP97/26 en
dc.subject Trade liberalisation en
dc.subject Tariff reform en
dc.subject Concertina rule en
dc.subject Customs unions en
dc.subject Strategic trade policy en
dc.subject Industrial policy en
dc.subject.classification F13 en
dc.subject.lcsh Free trade en
dc.subject.lcsh Tariff en
dc.subject.lcsh Customs unions en
dc.subject.lcsh Commercial policy en
dc.subject.lcsh Industrial policy en
dc.title Pitfalls in the theory of international trade policy : concertina reform of tariffs, and subsidies to high-technology industries en
dc.type Working Paper en
dc.internal.availability Full text available en
dc.status Not peer reviewed en
dc.neeo.contributor Neary|J. Peter|aut|


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