Protection for sale with imperfect rent capturing:

"Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates. We develop a "protection for sale" theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers....

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Facchini, Giovanni (VerfasserIn), Van Biesebroeck, Johannes (VerfasserIn), Willmann, Gerald (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2005
Schriftenreihe:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11269
Schlagworte:
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Zusammenfassung:"Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates. We develop a "protection for sale" theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers. Introducing partial rent capturing we obtain a testable specification which finds support in the data. Our results suggest that average rent capturing is in the order of 72-75 percent"--National Bureau of Economic Research web site.
Beschreibung:20 S.

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