The theory of effective protection in general equilibrium: effective-rate analogues of nominal rates

Wilfred Ethier

Chapter 22 in The Floating World:Issues in International Trade Theory, 2014, pp 445-457 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The theory of effective protection in general equilibrium: effective-rate analogues of nominal rates. This paper provides explicit conditions for the existence of measurable indices of effective protection that yield information about certain quantities comparable to the information obtainable from nominal rates in the absence of intermediate goods. These conditions enable one to address the basic issues in the multi-commodity theory of effective protection without the usual reliance on extensive, tedious mathematical manipulations…

Keywords: International Trade; Scale Economies; Factor Endowments; Political Economy of Trade Policy; Economic Integration (search for similar items in EconPapers)
Date: 2014
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