Applied Economics Journal

Applied Economics Journal

ISSN 0858-9291

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  • AEJ highlights the applications of concepts and theories to issues in micro- and macroeconomics
  • Double-blind peer review
  • Two issues a year (Jun, Dec)
  • Open access to all full-text content

Vol. 6 No. 1
Vol. 6 No. 1
Gain from trade under tariff policy (in English)

Sauwaluck Pakotiprapha

Since the pioneering work on urban unemployment by Harris and Todaro (1970), economists have explored the normative as well as the positive aspects of a dual economy characterized by an urban minimum wage. Aside from explaining the first-best tools and related issues, another strand of the literature focuses on the second best policy implications for the dual economy. This paper explores the welfare effect of tariff (second-best policy) in an economy with urban unemployment. The main results are as follows: (i) restricted trade is superior to free trade; (ii) more restricted trade can be superior to less restricted trade.

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Faculty of Economics Kasetsart University :  Center for Applied Economic Research (CAER) :  Other Journals :  Thai-Journal Citation Index Centre (TCI) (TCI)

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