01693cas a2200241 a 4500 AALejournalIMF009962 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451948271 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. The Fiscal Implications of Trade Liberalization. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Trade liberalization affects not only the external sector, production, and prices, but also the fiscal balance, through changes in tariff revenue, and through the sensitivity of the budget to induced changes in the exchange rate and in the level and distribution of income and employment. This paper discusses the effects of liberalization on the budget, which may differ in the short- and long-run. The short-run cost of adjustment to open trade could force the government to reverse the liberalization even if longer-term benefits could be realized. Long-run budget gains are more likely when the tax and transfer systems are broad, neutral, and efficiently administered. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/102 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/102/001.1988.issue-102-en.xml IMF e-Library