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Record Nr. |
UNINA9910453011403321 |
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Titolo |
Tariff-tax reforms in large economies [[electronic resource] /] / prepared by Giovanni Ganelli and Juha Tervala |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, 2012 |
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ISBN |
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1-4755-1100-0 |
1-4755-5560-1 |
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Descrizione fisica |
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1 online resource (33 p.) |
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Collana |
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IMF working paper ; ; WP/12/139 |
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Altri autori (Persone) |
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GanelliGiovanni |
TervalaJuha |
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Soggetti |
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Tariff - Econometric models |
Taxation - Econometric models |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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"Institute for Capacity Development." |
"May 2012." |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Cover; Abstract; Contents; I. Introduction; Tables; 1. Tariff Reductions under the Uruguay Round; II. The Model; A. Households; B. The Government; C. Firms; D. The Consolidated Budget Constraint; E. The Initial Steady State; III. Parameterization; IV. Revenue neutral tariff-tax reform; 2. Model Parameterization; Figures; 1. Effects of a Domestic Revenue Neutral Tariff-Tax Reform; 3. Impact of a domestic tariff-tax reform on the DPV of domestic, foreign and world; V. Point-For-Point Tariff-Tax Reform; 4. Sensitivity analysis: The sign of the welfare effect of a domestic tariff-tax reform |
VI. Conclusions5. Impact of a domestic tariff-tax reform on the DPV of domestic, foreign and world; 2. Effects of a Domestic Point-For-Point Tariff-Tax Reform; References; References |
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Sommario/riassunto |
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This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that lowers tariffs in developing countries can reduce domestic welfare. The reason is that the increase in developing countries welfare due to higher output is dominated by the welfare losses stemming from the |
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