Measuring protection : a cautionary tale

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Title: Measuring protection : a cautionary tale
Authors: O'Rourke, Kevin H.
Permanent link: http://hdl.handle.net/10197/1765
Date: Nov-1994
Abstract: The measurement of protection has been a key stumbling block for economists seeking to establish an empirical link between trade policy and growth. This note comments on a theoretically based index of protection recently developed by Anderson and Neary. The index must be calculated within the context of a specific CGE model; Anderson and Neary have found that the index is robust to changes in the elasticities embedded within their model? The note identifies one historical instance where the index is extremely sensitive to the specification of the model's demand side. There are important methodological lessons to be learnt from this example.
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Keywords: Protection;Trade restrictiviness index
Subject LCSH: Commercial policy
Protectionism
Economic development
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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