Series: IMF Working Papers
Author(s): Stephen Tokarick , and James Cassing
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2005
Keywords: distortions, growth rate, factor accumulation, national income, world prices, growth rates, Open Economy Macroeconomics,
Tariffs and other policy distortions typically lower real national income relative to what it otherwise would have been for any given rate of factor accumulation. Even while lowering real income, however, policy di...