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題名 Optimal Tariffs in A Two-country R
作者 賴廷緯
Lai, Ting-Wei
Beladi, Hamid
Chen, Ping-ho
Chu, Hsun
Lai, Ching-chong
貢獻者 經濟系
關鍵詞 Optimal tariffs;Economic growth;R&D;Trade in intermediate goods
日期 2022-12
上傳時間 11-Apr-2022 13:25:16 (UTC+8)
摘要 This paper examines the effect of a tariff on long-run growth and welfare in a two-country innovation-led growth model. We show that although raising the home country’s tariff reduces the growth and GDP of the foreign country, it will backfire by depressing R&D and growth of the home country. The Nash equilibrium tariffs can be positive, and they are larger when the government expenditure is more beneficial to private production and/or when the productivity of innovation is higher. The presence of positive Nash equilibrium tariffs provides a theoretical explanation for why countries have incentives to implement a tariff policy regardless of its negative effect on growth. Finally, the Nash equilibrium tariffs are higher than the globally optimal tariffs, that is, the levels that maximize the joint welfare of both countries.
關聯 Macroeconomic Dynamics, Vol.26, No.8, pp.2216-2246
資料類型 article
DOI https://doi.org/10.1017/S1365100521000286
dc.contributor 經濟系-
dc.creator (作者) 賴廷緯-
dc.creator (作者) Lai, Ting-Wei-
dc.creator (作者) Beladi, Hamid-
dc.creator (作者) Chen, Ping-ho-
dc.creator (作者) Chu, Hsun-
dc.creator (作者) Lai, Ching-chong-
dc.date (日期) 2022-12-
dc.date.accessioned 11-Apr-2022 13:25:16 (UTC+8)-
dc.date.available 11-Apr-2022 13:25:16 (UTC+8)-
dc.date.issued (上傳時間) 11-Apr-2022 13:25:16 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/139782-
dc.description.abstract (摘要) This paper examines the effect of a tariff on long-run growth and welfare in a two-country innovation-led growth model. We show that although raising the home country’s tariff reduces the growth and GDP of the foreign country, it will backfire by depressing R&D and growth of the home country. The Nash equilibrium tariffs can be positive, and they are larger when the government expenditure is more beneficial to private production and/or when the productivity of innovation is higher. The presence of positive Nash equilibrium tariffs provides a theoretical explanation for why countries have incentives to implement a tariff policy regardless of its negative effect on growth. Finally, the Nash equilibrium tariffs are higher than the globally optimal tariffs, that is, the levels that maximize the joint welfare of both countries.-
dc.format.extent 745801 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Macroeconomic Dynamics, Vol.26, No.8, pp.2216-2246-
dc.subject (關鍵詞) Optimal tariffs;Economic growth;R&D;Trade in intermediate goods-
dc.title (題名) Optimal Tariffs in A Two-country R-
dc.type (資料類型) article-
dc.identifier.doi (DOI) 10.1017/S1365100521000286-
dc.doi.uri (DOI) https://doi.org/10.1017/S1365100521000286-