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On the Optimal Trade Tariffs among Nations

DOI: 10.4236/oalib.1104641, PP. 1-16

Subject Areas: Managerial Economics

Keywords: Optimization, Linear Programming, Trade, Tariffs

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Abstract

An optimization model for calculating trade tariffs based on the idea of a zero-balanced trade account for countries around the world is proposed. Specifically, countries in the G20 group of nations were analyzed. The results are scrutinized and reflected upon, and some ideas about policy to follow are proposed. Both the mercantilist and Keynesian points of view are considered.

Cite this paper

Copertari, L. F. (2018). On the Optimal Trade Tariffs among Nations. Open Access Library Journal, 5, e4641. doi: http://dx.doi.org/10.4236/oalib.1104641.

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