Tariff equilibrium with customs union

Date

1994

Authors

Togan, S.

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Source Title

The Pakistan Development Review

Print ISSN

0030-9729

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Pakistan Institute of Development Economics

Volume

33

Issue

4 (Part II)

Pages

1217 - 1228

Language

English

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Abstract

It is well known from Kemp and Wan (1976) that under customs union an increase in group welfare can occur without affecting that of the rest of the world whenever the common external tariff is positioned in a way so as to offset exactly the terms of trade and export quantity effects felt by it. The purpose of this paper is to study the effects of the customs union starting from arbitrary given initial tariff rates and determine cases when the union as well as the non-union countries may gain from the formation of the customs union.

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