Trade diversion and declining tariffs: evidence from Mercosur

• 成果类型: Article
• 署名作者: Bohara, AK; Gawande, K; Sanguinetti, P
• 署名单位: Texas A&M University System; Texas A&M University College Station; Bush School of Government & Public Service; University of New Mexico; Universidad Torcuato Di Tella
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2003.07.004
• 发表日期: 2004
• 页码: 65-88
• 关键词: trade diversion; External tariffs; Mercosur

摘要

This paper empirically examines the alternative posed by Richardson [J. Intern. Econ. 34 (1993) 39] to the traditional view that trade integration may exacerbate inefficiencies. Richardson's hypothesis boldly predicts that trade diversion (and trade creation) may actually cause tariffs to decline! The hypothesis is fundamentally attributable to the presence of a political component in the governments' objective functions. A cross-sectionally rich data set on trade and tariffs from the Mercosur-pact countries, primarily Argentina, is used. The evidence yields surprising conclusions about the validity of endogenous tariff determination in models of trade integration. (C) 2003 Elsevier B.V. All rights reserved.