Abstract

The characteristics of tariff rates in the United States and five major European countries are revealed, based on the unit root tests acknowledging structural breaks. Finding structural breakpoints endogenously, it is shown that the crash type tariff rate level breaks can be found in the tariff history of Denmark, Sweden, Switzerland, and the United States. In case of acknowledging structural breaks, tariff rates of France, Switzerland and the United States are characterized by temporary shocks.

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