학술저널
On the Symmetry between Import and Export Quotas
On the Symmetry between Import and Export Quotas
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제5권 제1호
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1990.0326 - 30 (5 pages)
- 0
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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