Skip to main content
Journal cover image

On the dynamic non-equivalence of tariffs and quotas in the monetary model of the balance of payments: Comment

Publication ,  Journal Article
Daniel, BC; Fried, HO; Tower, E
Published in: Journal of International Economics
January 1, 1985

This comment uses a simple monetary model of the balance of payments to demonstrate that adjustment speed is higher under a tariff than under the quota which is equivalent to it in longrun equilibrium if and only if the tariff is less than the maximum expenditure tariff. This result contradicts the conclusion of Blejer and Hillman that adjustment under the tariff is always faster. © 1985.

Duke Scholars

Published In

Journal of International Economics

DOI

ISSN

0022-1996

Publication Date

January 1, 1985

Volume

18

Issue

3-4

Start / End Page

373 / 379

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics
  • 14 Economics
 

Citation

APA
Chicago
ICMJE
MLA
NLM
Daniel, B. C., Fried, H. O., & Tower, E. (1985). On the dynamic non-equivalence of tariffs and quotas in the monetary model of the balance of payments: Comment. Journal of International Economics, 18(3–4), 373–379. https://doi.org/10.1016/0022-1996(85)90062-5
Daniel, B. C., H. O. Fried, and E. Tower. “On the dynamic non-equivalence of tariffs and quotas in the monetary model of the balance of payments: Comment.” Journal of International Economics 18, no. 3–4 (January 1, 1985): 373–79. https://doi.org/10.1016/0022-1996(85)90062-5.
Daniel BC, Fried HO, Tower E. On the dynamic non-equivalence of tariffs and quotas in the monetary model of the balance of payments: Comment. Journal of International Economics. 1985 Jan 1;18(3–4):373–9.
Daniel, B. C., et al. “On the dynamic non-equivalence of tariffs and quotas in the monetary model of the balance of payments: Comment.” Journal of International Economics, vol. 18, no. 3–4, Jan. 1985, pp. 373–79. Scopus, doi:10.1016/0022-1996(85)90062-5.
Daniel BC, Fried HO, Tower E. On the dynamic non-equivalence of tariffs and quotas in the monetary model of the balance of payments: Comment. Journal of International Economics. 1985 Jan 1;18(3–4):373–379.
Journal cover image

Published In

Journal of International Economics

DOI

ISSN

0022-1996

Publication Date

January 1, 1985

Volume

18

Issue

3-4

Start / End Page

373 / 379

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics
  • 14 Economics