Lecture_6___Fall_2007 - 1 of Lecture 6 Professor David Lee...

Info iconThis preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1 of Lecture 6 Professor David Lee AEM 230 / ECON 230 ariffs a tax on imports 2 of Lecture 6 Professor David Lee AEM 230 / ECON 230 ariffs a tax on imports Purposes: 1. Raise government revenues 3 of Lecture 6 Professor David Lee AEM 230 / ECON 230 Tariff revenues as a percentage of government revenues, 1990: selected countries Source: International Monetary Fund, Government Finance Statistics Yearbook (Washington, DC, 1991) Developing countries percentage Industrial countries percentage Tunisia 75.3 Iceland 13.5 Cameroon 61.2 Switzerland 7.7 Solomon Islands 56.7 Ireland 7.1 Tonga 50.6 Australia 4.6 Mali 47.2 Canada 3.8 Seychelles 45.4 United States 1.6 Bangladesh 42.6 Norway 0.5 Senegal 41.9 United Kingdom 0.1 4 of Lecture 6 Professor David Lee AEM 230 / ECON 230 ariffs a tax on imports Purposes: 1. Raise government revenues 2. Protect domestic producers 5 of Lecture 6 Professor David Lee AEM 230 / ECON 230 ariffs a tax on imports Purposes: 1. Raise government revenues 2. Protect domestic producers 3. Alter trading patterns 6 of Lecture 6 Professor David Lee AEM 230 / ECON 230 ypes of tariffs 1. Specific : fixed amount per unit of product 7 of Lecture 6 Professor David Lee AEM 230 / ECON 230 ypes of tariffs 1. Specific : fixed amount per unit of product 2. Ad valorem : % of product value or price 8 of Lecture 6 Professor David Lee AEM 230 / ECON 230 ypes of tariffs 1. Specific : fixed amount per unit of product 2. Ad valorem : % of product value or price 3. Compound : combination of (1) and (2) 9 of...
View Full Document

This note was uploaded on 02/19/2008 for the course AEM 2300 taught by Professor Lee,d.r. during the Fall '06 term at Cornell University (Engineering School).

Page1 / 22

Lecture_6___Fall_2007 - 1 of Lecture 6 Professor David Lee...

This preview shows document pages 1 - 9. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online