Optimal policy intervention to reduce import dependence

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dc.contributor.authorNettle, Richard S.en_AU
dc.contributor.authorBritten-Jones, Marken_AU
dc.contributor.authorAnderson, Kymen_AU
dc.date.accessioned2016-08-02T01:05:52Z
dc.date.available2016-08-02T01:05:52Z
dc.date.issued1987
dc.description.abstractShould a country wish to reduce its dependence on imports of a certain commodity, an import tariff is typically recommended as the first-best (lowest-cost) policy instrument for achieving this non-economic objective. This note shows that while this is correct if the objective is to restrain imports to a certain quantity, it is not correct if the target is to reduce imports to a certain percentage of domestic consumption. In the latter case, a tariff-funded subsidy to producers is also required, the extent of which is larger the smaller the domestic price elasticities of demand and supply for the commodity.en_AU
dc.format6 pagesen_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn1016-8737en_AU
dc.identifier.urihttp://hdl.handle.net/1885/107094
dc.language.isoen_AUen_AU
dc.publisherTaylor & Francis (Routledge)en_AU
dc.rights© Taylor & Francis (Routledge)en_AU
dc.sourceInternational Economic Journalen_AU
dc.subjectimporten_AU
dc.subjecttariffen_AU
dc.subjectpolicyen_AU
dc.subjectpriceen_AU
dc.subjectelasticitiesen_AU
dc.subjectdomesticen_AU
dc.titleOptimal policy intervention to reduce import dependenceen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.issue4en_AU
local.bibliographicCitation.lastpage106en_AU
local.bibliographicCitation.startpage101en_AU
local.contributor.affiliationAnderson, Kym, Arndt-Corden Department of Economics, CAP Crawford School of Public Policy, The Australian National Universityen_AU
local.contributor.authoremailkym.anderson@anu.edu.auen_AU
local.contributor.authoruidu4042848en_AU
local.description.notesAt the time of publication Kym Anderson was affiliated with the University of Adelaide.en_AU
local.identifier.citationvolume1en_AU
local.identifier.doi10.1080/10168738700000030en_AU
local.identifier.essn1743-517Xen_AU
local.identifier.uidSubmittedByu4579722en_AU
local.publisher.urlhttps://www.routledge.com/en_AU
local.type.statusPublished Versionen_AU

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