Measuring protection: A cautionary tale

Kevin H. O'Rourke

Research output: Contribution to journalArticlepeer-review

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 languageEnglish (US)
Pages (from-to)169-183
Number of pages15
JournalJournal of Development Economics
Volume53
Issue number1
DOIs
StatePublished - Jun 1997

Keywords

  • Protection
  • Trade restrictiveness index

ASJC Scopus subject areas

  • Development
  • Economics and Econometrics

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