Effective protection redux:
This paper rehabilitates the concept of effective rate of protection for use in political economy. The usual definition corresponds to no economically interesting magnitude in general equilibrium. The effective rate of protection for a sector is redefined here as the uniform tariff which is equivale...
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
1996
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| Series: | NBER working paper series
5854 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | This paper rehabilitates the concept of effective rate of protection for use in political economy. The usual definition corresponds to no economically interesting magnitude in general equilibrium. The effective rate of protection for a sector is redefined here as the uniform tariff which is equivalent to the actual differentiated tariff structure in its effect on rents to residual claimants in the sector. The new ERP permits a political economic ranking of across sectors, since higher uniform tariff equivalents imply higher losses of welfare sacrificed to interest groups. The new ERP converges to the old ERP under a very special set of assumption, and elsewhere generalizes the ERP concept to any economic structure in which residual claims are defined. Numerical results for the new ERP are presented for the US economy in 1982 using the USDA/ERS computable general equilibrium model. The calculated old and new ERP's are not significantly correlated. |
| Physical Description: | 32 S. graph. Darst. |
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MARC
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| 520 | |a This paper rehabilitates the concept of effective rate of protection for use in political economy. The usual definition corresponds to no economically interesting magnitude in general equilibrium. The effective rate of protection for a sector is redefined here as the uniform tariff which is equivalent to the actual differentiated tariff structure in its effect on rents to residual claimants in the sector. The new ERP permits a political economic ranking of across sectors, since higher uniform tariff equivalents imply higher losses of welfare sacrificed to interest groups. The new ERP converges to the old ERP under a very special set of assumption, and elsewhere generalizes the ERP concept to any economic structure in which residual claims are defined. Numerical results for the new ERP are presented for the US economy in 1982 using the USDA/ERS computable general equilibrium model. The calculated old and new ERP's are not significantly correlated. | ||
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| 650 | 4 | |a Tariff |x Econometric models | |
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| id | DE-604.BV011536802 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:11:25Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007765338 |
| oclc_num | 36163224 |
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| owner | DE-19 DE-BY-UBM DE-521 |
| owner_facet | DE-19 DE-BY-UBM DE-521 |
| physical | 32 S. graph. Darst. |
| publishDate | 1996 |
| publishDateSearch | 1996 |
| publishDateSort | 1996 |
| record_format | marc |
| series | NBER working paper series |
| series2 | NBER working paper series |
| spelling | Anderson, James E. 1943- Verfasser (DE-588)124786278 aut Effective protection redux James E. Anderson Cambridge, Mass. 1996 32 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier NBER working paper series 5854 This paper rehabilitates the concept of effective rate of protection for use in political economy. The usual definition corresponds to no economically interesting magnitude in general equilibrium. The effective rate of protection for a sector is redefined here as the uniform tariff which is equivalent to the actual differentiated tariff structure in its effect on rents to residual claimants in the sector. The new ERP permits a political economic ranking of across sectors, since higher uniform tariff equivalents imply higher losses of welfare sacrificed to interest groups. The new ERP converges to the old ERP under a very special set of assumption, and elsewhere generalizes the ERP concept to any economic structure in which residual claims are defined. Numerical results for the new ERP are presented for the US economy in 1982 using the USDA/ERS computable general equilibrium model. The calculated old and new ERP's are not significantly correlated. Ökonometrisches Modell Equilibrium (Economics) Econometric models Protectionism Econometric models Tariff Econometric models Erscheint auch als Online-Ausgabe NBER working paper series 5854 (DE-604)BV002801238 5854 http://papers.nber.org/papers/w5854.pdf kostenfrei Volltext |
| spellingShingle | Anderson, James E. 1943- Effective protection redux NBER working paper series Ökonometrisches Modell Equilibrium (Economics) Econometric models Protectionism Econometric models Tariff Econometric models |
| title | Effective protection redux |
| title_auth | Effective protection redux |
| title_exact_search | Effective protection redux |
| title_full | Effective protection redux James E. Anderson |
| title_fullStr | Effective protection redux James E. Anderson |
| title_full_unstemmed | Effective protection redux James E. Anderson |
| title_short | Effective protection redux |
| title_sort | effective protection redux |
| topic | Ökonometrisches Modell Equilibrium (Economics) Econometric models Protectionism Econometric models Tariff Econometric models |
| topic_facet | Ökonometrisches Modell Equilibrium (Economics) Econometric models Protectionism Econometric models Tariff Econometric models |
| url | http://papers.nber.org/papers/w5854.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT andersonjamese effectiveprotectionredux |