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1 – 10 of 117
Article
Publication date: 28 January 2014

Huey-Lin Lee, Ching-Cheng Chang, Yungho Weng, Sheng-Ming Hsu, Shih-Hsun Hsu and Yi-Chieh Chen

– The purpose of this paper is to assess the degree of tariff escalation in Taiwan's agriculture-related commodities and the economy-wide impact of tariff harmonization.

Abstract

Purpose

The purpose of this paper is to assess the degree of tariff escalation in Taiwan's agriculture-related commodities and the economy-wide impact of tariff harmonization.

Design/methodology/approach

A computable general equilibrium model of the Taiwan economy is applied to simulate for the economy-wide impact of three alternative proposals that reduce tariff rates as well as the degree of tariff escalation in agriculture-related products.

Findings

The paper shows that reduction in tariff wedge helps increase social welfare of Taiwan at the expense of some agricultural sectors. Based on the pair-wise comparisons of the three tariff reduction proposals, the scenario where the upstream products have the least reduction would have agricultural sectors fare better than in the other scenarios where more negative impact on output and employment would occur to agricultural sectors.

Originality/value

The paper assesses quantitatively the economy-wide impact of reducing tariff wedges between unprocessed and processed products, which is rarely seen in the literature using a detailed computable general equilibrium model.

Details

China Agricultural Economic Review, vol. 6 no. 1
Type: Research Article
ISSN: 1756-137X

Keywords

Book part
Publication date: 7 June 2013

Bruno Henry de Frahan and Nicodème Nimenya

This chapter investigates to what extent private and public European food safety standards affect European imports of a key high-value horticultural product such as green beans…

Abstract

This chapter investigates to what extent private and public European food safety standards affect European imports of a key high-value horticultural product such as green beans from Kenya. First, we estimate the ad valorem tariff equivalents of these nontariff measures (NTMs) for the main European importing countries using an extension of the price-wedge method. Second, we embed these estimated tariff equivalents into a gravity model. We find that the trade effects of these measures during the period 1990–2011 move from being positive in the beginning of the period to being increasingly negative from 1995 until 2003 and then tend to vanish at the end of the period as if Kenyan suppliers have progressively adjusted their trade to these NTMs. We also show that the establishment of the Common Market for Eastern and Southern Africa and the East African Community stimulates that trade with European countries.

Details

Nontariff Measures with Market Imperfections: Trade and Welfare Implications
Type: Book
ISBN: 978-1-78190-754-2

Keywords

Article
Publication date: 1 April 1989

Chris Milner

True protection concepts seek to measure the net or relative priceeffects of commercial policy interventions within a general equilibriumframework. True protection depends on…

Abstract

True protection concepts seek to measure the net or relative price effects of commercial policy interventions within a general equilibrium framework. True protection depends on substitutional relationships between sectors within an economy, which are influenced by factor endowments, and the resulting arrangement of factor intensities between the importables, non‐tradables and exportables sectors. Articles by Sjaastad and Clements (1981, 1984) have explored true protection and the incidence of protection for the case where importables are not substitutes for exportables. This case can be applied to “capital‐poor” developing countries. It establishes that the export sector is likely to bear the principal burden of import protection. This article compares and contrasts the results of the “capital‐poor” model with those for a “capital‐rich” model, in which it is the non‐tradable sector on which the principal burden of import protection is likely to fall, i.e. it tends to promote exportables, but not exports.

Details

Journal of Economic Studies, vol. 16 no. 4
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 30 October 2020

Krisley Mendes and André Luchine

This study aims to identify and classified non-tariff measures (NTMs) on Brazilian imports of robusta coffee beans, calculated a tariff-equivalent of non-tariff barriers (NTBs…

Abstract

Purpose

This study aims to identify and classified non-tariff measures (NTMs) on Brazilian imports of robusta coffee beans, calculated a tariff-equivalent of non-tariff barriers (NTBs) and assessed the effects of removing NTBs from upstream and downstream domestic instant coffee supply chain.

Design/methodology/approach

The analysis uses documentary research to identify NTMs and the price-wedge method is applied to estimate a tariff-equivalent. The effects of suppressing the tariff-equivalent were evaluated using a partial equilibrium model with constant elasticity of substitution (Armington, 1969) and by incorporating vertical integration and uncertainty (Hallren and Opanasets, 2018).

Findings

The results show that NTMs seemingly hinder the entrance of coffee beans into the domestic market. The tariff-equivalent was estimated at 13.61%. Suppressing it reveals that the share of domestic coffee beans used to produce domestic instant coffee falls 0.21 p.p. while the share of domestic instant coffee consumed by the international trade rises 8.60 p.p.

Originality/value

What makes this paper original is that this paper investigated the effects of NTMs in a developing country, namely, Brazil. Although Brazil is one of the largest agricultural producers in the world, it has not appeared in literature in this type of analysis until now. Furthermore, it contributes to the literature on using existing techniques to investigate the impact of NTM removal on individual products in a specific country, in contrast to more recent papers that discuss using multi-country and multi-product data sets at the HTS-6 level. Thus, this paper demonstrates how a case study approach can be useful in quantifying policy changes.

Details

Journal of International Trade Law and Policy, vol. 19 no. 3
Type: Research Article
ISSN: 1477-0024

Keywords

Expert briefing
Publication date: 6 April 2018

The US administration’s announcement in March to impose tariffs on steel and aluminium imports triggered swift condemnation from Europe. Intense lobbying granted a temporary…

Article
Publication date: 12 April 2011

Camara Kwasi Obeng, William Gabriel Brafu‐Insaidoo and Ferdinand Ahiakpor

The purpose of the paper is to investigate the quantitative effect of import liberalization on tariff revenue in Ghana.

776

Abstract

Purpose

The purpose of the paper is to investigate the quantitative effect of import liberalization on tariff revenue in Ghana.

Design/methodology/approach

In an attempt to achieve the objective of the paper, a robust decomposition analytical approach was used to examine how different components of the sources of change in import tax contribute to changes in import tax revenue in Ghana.

Findings

The paper concludes that Ghana suffered some revenue loss from the liberalization by reducing the level of average official duty rates, but gained in revenue as a result of real currency depreciation.

Practical implications

It has been suggested that public policy should aim at determining and targeting the optimum level of the average official import duty rates, focus on the identification of the major sources of duty revenue leakage, and substitute sales taxes for tariffs to improve tax revenue sufficiently.

Originality/value

This paper makes explicit the contribution of alternative import policy features to changes in import tax revenue in Ghana.

Details

African Journal of Economic and Management Studies, vol. 2 no. 1
Type: Research Article
ISSN: 2040-0705

Keywords

Article
Publication date: 19 June 2017

Gabriela Ortiz Valverde and Maria C. Latorre

The purpose of this paper is as follows: first, it aims to explain the overall economic implications of the trans-pacific partnership (TPP). Second, it aims to provide an in-depth…

Abstract

Purpose

The purpose of this paper is as follows: first, it aims to explain the overall economic implications of the trans-pacific partnership (TPP). Second, it aims to provide an in-depth analysis of the TPP’s quantitative impact on an upper-middle economy such as Mexico, as well as on the USA.

Design/methodology/approach

The analysis is performed using a computable general equilibrium (CGE) model.

Findings

The results suggest that in the short run, both Mexico and the USA would slightly benefit from the TPP. Tariff reductions would lead to less bilateral trade between Mexico and the USA and the stronger integration of both countries with the rest of the TPP members. The opposite is true after a decrease in non-tariff barriers (NTBs). Overall, in terms of the impact on Mexico, trade integration with the rest of the TPP members prevails. This suggests that a TPP without the USA could still be beneficial.

Originality/value

Previous studies on the TPP have mainly focused on its impact for the USA, which is also analysed in the present study. The effects of the TPP are estimated for a broad set of micro and macroeconomic variables, paying particular attention to the reductions of NTBs.

Details

Journal of International Trade Law and Policy, vol. 16 no. 2
Type: Research Article
ISSN: 1477-0024

Keywords

Book part
Publication date: 12 January 2016

Kathy Baylis, Murray E. Fulton and Travis Reynolds

To understand the political economy of export restrictions for grain commodities in Vietnam and India.

Abstract

Purpose

To understand the political economy of export restrictions for grain commodities in Vietnam and India.

Methodology/approach

Two theoretical models were developed (one for each country) to analyze government policies for export restrictions in Vietnam and India based on price fluctuations. In Vietnam, there was one choice variable – export tariffs. In India, there were two choice variables – export tariffs and procurements. In both cases, the elite were assumed to maximize expected rents.

Findings

Export restrictions have become an important feature of trade policy in Vietnam and India and are unlikely to be eliminated in the foreseeable future because to do so would be costly both politically and economically to local elites. The impact of food price increases can be particularly large given the importance of loss aversion.

Practical implications

Understanding export restrictions as the outcome of a political-economic calculation is important because it suggests that efforts to limit export restrictions in countries like Vietnam and India are unlikely to be successful.

Details

Food Security in a Food Abundant World
Type: Book
ISBN: 978-1-78560-215-3

Keywords

Expert briefing
Publication date: 12 October 2020

Senior US officials see Communist-led China as the foremost threat to the United States. The Trump administration’s campaign against it spans the spectrum of government actions…

Details

DOI: 10.1108/OXAN-DB256801

ISSN: 2633-304X

Keywords

Geographic
Topical
Book part
Publication date: 28 May 2024

Atreyee Sinha Chakraborty

The purpose of this study is to examine the welfare effects of product standards (which fall under Non-Tariff Barriers (NTBs)) on an exporting country when the country by its own…

Abstract

The purpose of this study is to examine the welfare effects of product standards (which fall under Non-Tariff Barriers (NTBs)) on an exporting country when the country by its own choice prefers to follow the null standard for the domestic market, which is not possible due to high set up cost at two different standards. The model has used a theoretical framework to analyze the effects and has derived some important results. If the standard is not linked with a true negative externality, the exporting country, given the assumptions of the model will always prefer to be discriminated by “tariff” and the importing country will prefer to protect its market by “tariff” rather than going for NTB. The typical assumptions taken here resemble the trade between developed and developing countries when the developed country imposes some minimum standard on a product but becomes relatively “costly” for the developing country to comply with. As the importing country is not free to set tariffs, it will use NTB as a minimum standard (as it is welfare-improving than free trade). However, the minimum standard also affects the exporting country's local producers and consumers. So NTB leads to a worse situation for both countries and definitely worst for the exporting country. Using a game theoretic framework, the study shows that the imposition of standards which does not address any real externality can be an optimum response for an importing country leading to a loss in the global welfare compared to a free trade situation.

Details

Contemporary Issues in International Trade
Type: Book
ISBN: 978-1-83797-321-7

Keywords

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