English, Article, Journal or magazine article edition: Tariffs and Sectoral Adjustments in an Open Economy Stephen J. Turnovsky

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Bookmark: http://trove.nla.gov.au/version/141243
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Tariffs and Sectoral Adjustments in an Open Economy
Author
  • Stephen J. Turnovsky
Physical Description
  • preprint
Notes
  • This paper analyzes the impact of a tariff on sectoral adjustments in an economy which produces two traded consumption goods, one of which is exported, and a non-traded investment good. The importance of sectoral capital intensities is emphasized. In particular, the qualitative dynamic adjustment depends upon the relative capital intensities of the import-competing consumption good sector and the non-traded investment good sector. Sectoral labor allocation effects are analyzed and the long-run effect on aggregate capital accumulation is shown to depend upon the relative capital intensities of the import and export sectors. Temporary as well as permanent tariffs are discussed.
  • RePEc:nbr:nberwo:3315
Language
  • English
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