Trade Policy and Global Sourcing: An Efficiency Rationale for Tariff Escalation
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Import tariffs tend to be higher for final goods than for inputs, a phenomenon commonly referred to as tariff escalation. Yet neoclassical trade theory and modern Ricardian trade models, in particular predict that welfare-maximizing tariffs are uniform across sectors. We show that tariff
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美国国家经济研究局创建时间:
2022-07-01



