Tariffs and the current account with short-run capital specificity

Kevin O'Rourke

Research output: Contribution to journalArticlepeer-review


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 languageEnglish (US)
Pages (from-to)67-70
Number of pages4
JournalEconomics Letters
Issue number1
StatePublished - 1989

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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