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Why are Trade Barriers so Low?

6 Pages Posted: 8 Oct 2011  

Christopher S. Magee

Bucknell University - Department of Economics

Date Written: October 2011

Abstract

The political economy literature suggests that tariff rates should be high because the gains to producers from protection are enormous while the welfare costs are small. This paper presents and evaluates six possible explanations for the relatively low tariffs we see today in most developed countries.

Keywords: Tariffs, non‐tariff barriers, lobbying

Suggested Citation

Magee, Christopher S., Why are Trade Barriers so Low? (October 2011). Economic Affairs, Vol. 31, Issue 3, pp. 12-17, 2011. Available at SSRN: https://ssrn.com/abstract=1940808 or http://dx.doi.org/10.1111/j.1468-0270.2011.02118.x

Christopher S. Magee (Contact Author)

Bucknell University - Department of Economics ( email )

Lewisburg, PA 17837
United States
570-577-1752 (Phone)

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