implicit tariff

Definitions

Economics

  • Tariff revenue on a good or group of goods, divided by the corresponding value of imports. Often lower than the official or statutory tariff, due both to PTAs and to failures in customs collection.
  • The difference between the price just inside a border and the price just outside it, especially in the case of a good protected by an import quota.
  • abbreviationactual protection rate
    (written as Implicit tariff)
  • abbreviationex post tariff
    (written as Implicit tariff)
  • implicit tariff.
  • Implicit tariff.
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