Abstract
This paper comments on a theoretically based index of protection recently developed by Anderson and Neary. The index must be calculated within the context of a specific CGE model; Anderson and Neary propose a generic model, and have found that the index is robust to changes in the elasticities embedded within that model. Is the index also robust to changes in the specification of the model? The paper identifies one historical instance where the index is extremely sensitive to the specification of the model's demand side. There are important methodological lessons to be learnt from this example.
Original language | English (US) |
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Pages (from-to) | 169-183 |
Number of pages | 15 |
Journal | Journal of Development Economics |
Volume | 53 |
Issue number | 1 |
DOIs | |
State | Published - Jun 1997 |
Keywords
- Protection
- Trade restrictiveness index
ASJC Scopus subject areas
- Development
- Economics and Econometrics