| Description |
1 online resource (33 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/08/33 |
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IMF working paper ; WP/08/33.
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| Contents |
I. Introduction; II. The Caribbean Community; III. Related literature; IV. Data Description; A. Evolution of External Tariffs; B. External Tariff and Import Patterns; V. The Model and Empirical Strategy; A. External Liberalization in the Context of PTA; B. Theoretical Model and Empirical Strategy; VI. Results and Robustness Checks; A. Relative Import Regressions; VII. Conclusions; References; Data Appendix; Figures; 1. Trinidad and Tobago: Evolution of Import Tariffs (1992, 1996, 2002).; 2. Jamaica: Evolution of Import Tariffs (1992, 1996, 2002) |
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3. Barbados: Evolution of Import Tariffs (1992, 1996, 2002)4. Guyana: Evolution of Import Tariffs (1992, 1996, 2002).; 5. Share of imports from CARICOM:; Tables; 1. Implementation of Tariff Reductions in CARICOM; 2. Tariff and Imports Data Availability by Commodity Classification; 3. Trinidad and Tobago: Tariff rates, commodity imports, and share of CARICOM imports.; 4. Jamaica: Tariff rates, commodity imports, and share of CARICOM imports; 5. Barbados: Tariff rates, commodity imports, and share of CARICOM imports; 6. Guyana: Tariff rates, commodity imports, and share of CARICOM imports |
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7. Erosion of tariff preferences within the PTA8. Trinidad and Tobago: Imports and Tariff Rates, 1991-2003.; 9. Jamaica: Imports and Tariff Rates, 1991-2003.; 10. Barbados: Imports and Tariff Rates, 1991-2003; 11. Guyana: Imports and Tariff Rates, 1991-2003; 12. Imports from CARICOM and non-CARICOM and Tariff Rates |
| Summary |
This paper estimates the impact of the tariff liberalization in four largest CARICOM countries (Barbados, Guyana, Jamaica, and Trinidad and Tobago) on their trade flows. I trace changes in the product-line imports from CARICOM and non-CARICOM countries against time and commodity-level variation in external tariffs. I find that in each country the reduction of the external tariff, which eroded preferences enjoyed by member imports, increased the ratio of imports from non-member countries to imports from member countries. In Trinidad and Tobago, the higher ratio was largely the result of non-member imports crowding out member imports. In the three other countries, the ratio increased mainly because of higher non-member imports; there is little evidence that tariff reductions had an impact on member imports. Findings suggest that in Trinidad and Tobago liberalization of the external tariff reversed some of the trade diversion effects of CARICOM |
| Notes |
"February 2008." |
| Bibliography |
Includes bibliographical references (pages 18-19) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Tariff -- Caribbean Area -- Econometric models
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Tariff preferences -- Caribbean Area -- Econometric models
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Imports -- Caribbean Area -- Econometric models
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Imports -- Trinidad and Tobago -- Econometric models
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Imports -- Econometric models
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Tariff -- Econometric models
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Tariff preferences -- Econometric models
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Caribbean Area
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Trinidad and Tobago
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| Form |
Electronic book
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| Author |
International Monetary Fund. Policy Development and Review Department.
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| ISBN |
1283514907 |
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9781283514903 |
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9781451913484 |
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1451913486 |
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