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SCOPUS 학술저널

On the Symmetry between Import and Export Quotas

On the Symmetry between Import and Export Quotas

If a country wants to restrict its trade, it can use an import tax or an export tax. Their effects on the terms of trade and domestic relative prices are identical. This is Lerner`s symmetry theorem. This paper attempts to show that Lerner`s symmetry theorem also holds between import and export quotas if the foreign elasticity of demand for imports is elastic.

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