Scandinavian Working Papers in Economics
Working Papers,
Copenhagen Business School, Department of Economics
No 05-2006: Concertina Reforms with International Capital Mobility
Udo Kreickemeier and Pascalis Raimondos-Møller
Additional contact information
Udo Kreickemeier: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
Pascalis Raimondos-Møller: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
Abstract: We show that the standard concertina result for tariff reforms – i.e. lowering the highest tariff increases welfare – no longer holds in general if we allow for international capital mobility. The result can break down if the good whose tariff is lowered is not capital intensive. If the concertina reform lowers welfare it lowers market access as well, thereby compromising a second goal that is typically connected with trade liberalisation. JEL-Classification: F11, F13, F15 Key words: Trade Policy Reform, International Factor Mobility, Welfare, Market Access
Keywords: na
JEL-codes: G10
16 pages, January 1, 2006
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