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Much Ado About Nothing? Italian Trade Policy in the late 19th Century

Giovanni Federico () and Kevin O'Rourke ()

Working Papers from College Dublin, Department of Political Economy-

Abstract: A simple look at nominal or effective tariff rates is not sufficient to analyse the trade policy. One has to consider the overall effects of protection, and by definition this requires a general equilibrium approach. The present paper aims to fill this gap in the literature. It makes use of a computable general equilibrium (CGE) model of the Italian economy in 1911 -the first year for which the available data are abundant and reliable enough for such an exercise.

Keywords: ITALY; TRADE; INTERNATIONAL ECONOMY (search for similar items in EconPapers)
JEL-codes: F13 O52 (search for similar items in EconPapers)
Date: 1999
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