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

Abstract: 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)
Date: 2005-04
Note: ITI PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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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Related works:
Journal Article: Protection for sale with imperfect rent capturing (2006)
Journal Article: Protection for sale with imperfect rent capturing (2006)
Working Paper: Protection for Sale with Imperfect Rent Capturing (2005)
Working Paper: Protection for Sale with Imperfect Rent Capturing (2003)
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