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The adjustment of external tariffs in the Kemp-Wan-Grinols compensation scheme

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  • Siu-kee Wong

Abstract

This paper considers the adjustment of external tariffs when two countries integrate and implement the Kemp-Wan-Grinols compensation scheme. Attention is also paid to the restrictions set by Article XXIV of GATT. This paper shows how the external tariffs would change in a three-good, three-country model under the assumption of gross substitutability. The results are sensitive to the initial trade pattern. In particular, they depend on the number of goods initially traded between the member countries. The analysis can be extended to a multi-commodity model if the preferences of the countries have identical CES representation.

Suggested Citation

  • Siu-kee Wong, 2006. "The adjustment of external tariffs in the Kemp-Wan-Grinols compensation scheme," Canadian Journal of Economics, Canadian Economics Association, vol. 39(2), pages 544-563, May.
    • Handle: RePEc:cje:issued:v:39:y:2006:i:2:p:544-563
    DOI: 10.1111/j.0008-4085.2006.00359.x
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    Cited by:

    1. Claes G. Alvstam & Erja Kettunen & Patrik Ström, 2017. "The service sector in the free-trade agreement between the EU and Singapore: closing the gap between policy and business realities," Asia Europe Journal, Springer, vol. 15(1), pages 75-105, March.
    2. Waschik, Robert, 2009. "The effects of free trade areas on non-members: Modelling Kemp-Vanek admissibility," Journal of Policy Modeling, Elsevier, vol. 31(5), pages 648-663, September.

    More about this item

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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