Alternative Approaches to Measuring the Cost of Protection

Arvind Panagariya ()

International Trade from EconWPA

Abstract: Economists measure the economy-wide cost of protection in terms of static efficiency, growth rates and firm- or industry-level productivity. The earlier literature was devoted almost exclusively to the measurement of static welfare effects. But the recent proliferation of cross-country regressions has led some economists to focus on the effects of protection on growth rates. Equally, the increased interest in firm- and industry-level regressions has given rise to studies aimed at measuring the effect of protection on firm or industry productivity. A final, albeit less formal, strand of the literature focuses on in- depth case studies of specific countries or sectors. The purpose of this paper is to offer a unified treatment of the literature on the cost of protection with special attention paid to the measurement of these effects.

Keywords: subliminal; extant; Smith; economagic; gmm (search for similar items in EconPapers)
JEL-codes: F1 F2 (search for similar items in EconPapers)
Date: 2003-08-18
Note: Type of Document - Tex/WordPerfect/Handwritten; prepared on IBM PC - PC-TEX/UNIX Sparc TeX; to print on HP/PostScript/Franciscan monk; pages: 345,395,4323247 ; figures: included/request from author/draw your own
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpit:0308002

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