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dc.contributor.authorMichael, Michael S.en
dc.creatorMichael, Michael S.en
dc.description.abstractIt is well known that when tariff revenue is distributed to consumers as a lump sum, the optimum policy for a small country is free trade because a tariff reduces its welfare. Many less-developed countries, however, use tariff revenue to finance the provision of public goods or public inputs, such as technical training or infrastructure. This article builds a small open economy model with three private goods - one imported, one exported, and one nontraded - and where the government uses tariff revenue to finance the provision of a public good or input. Within this framework, the article derives the optimum tariff formulas and efficiency rules for public good and public input provision and compares the latter with the efficiency rules when the provision of public goods is financed with consumption taxes.en
dc.sourcePublic Finance Reviewen
dc.titleThe optimal tariff for public good and public input provisionen
dc.description.endingpage133Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and ManagementΤμήμα Οικονομικών / Department of Economics
dc.contributor.orcidMichael, Michael S. [0000-0002-7642-1261]

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