TRADE LIBERALIZATION IN TRINIDAD AND TOBAGO: REDUCING THE COMMON EXTERNAL TARIFF

A two-sector, three-good model, developed by S. Devarajan et al. at the World Bank was used to analyze trade liberalization in Trinidad and Tobago as an example of the country's new open economy policy. A 20% reduction in T&T's import tariff rate resulted in increased import volume, overall decline in consumer prices, investment level, tax revenue and government savings, and a positive growth in overall consumption.


Issue Date:
2000
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/16723
Total Pages:
14
Series Statement:
Faculty Series 00-02




 Record created 2017-04-01, last modified 2017-11-19

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