Tag Archives | Tax

Theorems on Tariff and Income Distribution | International Economics

In this article we will discuss about:- 1. Tariff and Income Distribution—Stopler-Samuelson Theorem Again 2. The Metzler Paradox 3. The Lerner Symmetry Theorem. Tariff and Income Distribution—Stopler-Samuelson Theorem Again: The Stopler-Samuelson Theorem dealt with the change in income distribution on account of international trade. These writers stated that free or unrestricted international trade would benefit the relatively abundant factor and [...]

By |2018-03-15T11:34:42+05:30March 15, 2018|Tariffs|Comments Off on Theorems on Tariff and Income Distribution | International Economics
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The Theory of Optimum Tariff | International Trade | Economics

In this article we will discuss about the theory of optimum tariff. It is, of course, true that tariff, and in certain situations may fail to improve the terms of trade of a given country. There is, however, a widespread belief that tariffs can improve the terms of trade. This leads to a vital question, viz., to what extent a [...]

By |2018-03-15T11:34:42+05:30March 15, 2018|Tariffs|Comments Off on The Theory of Optimum Tariff | International Trade | Economics
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Effects of Tariffs under Partial Equilibrium | International Economics

When a small country imposes tariff on import of the product that competes with the product of the small domestic industry, the tariff can neither affect the international prices (as the country is small) nor can it affect the rest of the economy (as the industry is small). In such conditions, the partial equilibrium analysis that concerns the market for [...]

By |2018-03-15T11:34:42+05:30March 15, 2018|Tariffs|Comments Off on Effects of Tariffs under Partial Equilibrium | International Economics
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