Microeconomic Distortions: Static Losses and Their Effect on the Efficiency of Investment
Ramon Eugenio Lopez
Jan 1991 · Policy, research, and external affairs working papers Book 665 · World Bank Publications
Ebook
36
Pages
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Trade distortions can reduce the social efficiency of investment. Even a moderate, uniform tariff of 50 percent could reduce the efficiency of investment by almost a quarter.
Trade distortions can reduce the social efficiency of investment. Even a moderate, uniform tariff of 50 percent could reduce the efficiency of investment by almost a quarter.
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