Abstract
Permanent tariff reductions are shown to result in a deterioration of the current account, even under intertemporal optimising by consumers. This is due to the assumption of short-run fixity and long-run mobility of capital.
Original language | English (US) |
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Pages (from-to) | 67-70 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 30 |
Issue number | 1 |
DOIs | |
State | Published - 1989 |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics