On Tariff Preferences and Delegation Decisions in Customs Unions : A Heckscher-Ohlin Approach  

Oleh:

Syropoulos, Constantinos

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 112 no. 481 (2002), page 625-648.
Topik: DELEGATION; tariff preferences; delegation decision; customs unions; heckscher - ohlin approach
Fulltext: 625.pdf (204.44KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This paper studies preferences of customs union (CU) members over common external tariff (CET) levels and extends the literature on delegation decisions over trade policy in models with production. In a model with similar CU members, we prove that most - preferred CETs can be ranked with the help of compensated price elasticities of import demand functions. In the Heckscher - Ohlin trade model, we show these elasticities depend on inter - country differences in relative factor endowments and inter - sectoral differences in technology. This helps identify the optimal policy maker in a CU and demonstrates delegation decisions over trade policy can be integrated into mainstream trade theory.

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