Devarajan, Shantayanan; Go, Delfin S.; Li, Hongyi - Economics Research, World Bank Group - 1999
of trade reform. Both the direction and the magnitude of the fiscal consequences of trade reform depend on the …), revenue will drop unequivocally as a result of tariff reform, reaching close to the maximum drop whether or not the other … between foreign and domestic goods increase, a tariff reform can theoretically be self-financing. But if the elasticities are …