This paper analyzes the measurement of effective protective rates when there is joint production. It shows that special attention is required when tradables are jointly produced with non-tradables, and especially when there are significant changes in the prices of non-tradables. Input-output...

This paper analyzes the measurement of effective protective rates when there is joint production. It shows that special attention is required when tradables are jointly produced with non‐tradables, and especially when there are significant changes in the prices of non‐tradables....