Protection for Sale with Imperfect Rent Capturing
Giovanni Facchini (),
Johannes Van Biesebroeck () and
Gerald Willmann ()
No 11269, NBER Working Papers from National Bureau of Economic Research, Inc
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.
JEL-codes: F13 (search for similar items in EconPapers)
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Published as Facchini, Giovanni, Johannes Van Biesebroeck and Gerald Willmann. "Protection for Sale with Imperfect Rent Capturing." Canadian Journal of Economics 39,3 (August 2006): 845-873.
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