Is free trade optimal for a small open economy with tourism?
Chapter in an edited book (author)


香港中文大学研究人员 ( 现职)

赵志鉅教授 (经济学系)

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数位物件识别号 (DOI) http://dx.doi.org/10.1007/978-3-540-78676-4_7

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Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/1Scopus source URL

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摘要We explore the welfare effects of tariffs and investment taxes for a small open economy in the presence of tourism. Inbound tourism converts local non-traded goods into tradeable, generating a tourism terms-of-trade effect. Because of this favourable expenditure-shifting effect when goods are substitutes, increases in import tariffs and investment taxes can actually improve welfare of domestic residents. We establish that for a small open economy with tourism, free trade is not the first-best policy. The optimal rates of tariffs and investment taxes are then derived and simulated for the economy with tourism. ? 2009 Springer Berlin Heidelberg.

着者Chao C.-C., Hazari B.R., Laffargue J.-P., Eden S.H.Y.
编辑ed. by Takashi Kamihigashi, Laixun Zhao.
详细描述ed. by Takashi Kamihigashi, Laixun Zhao.
出版年份2009
月份http://aims.cuhk.edu.hk/converis/portal/Publication/12
日期http://aims.cuhk.edu.hk/converis/portal/Publication/1
页次49 - 62
国际标準书号9783540786757
语言英式英语