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A recurrent concern of researchers who measure the cost of protection is that welfare estimates based on models with highly aggregated sectors of the economy in question will understate the true cost of protection if the tariff system is not uniform. Uses the 1988 tariff schedule of the US and a...
Persistent link: https://www.econbiz.de/10014863454
The standard measures of effective protection calculate EPRs by reference to an activity′s principal product. In many activities by‐products which have a positive economic value are important. Revises the standard measures to allow for the incorporation of by‐products and uses an example...
Persistent link: https://www.econbiz.de/10014863455
Analyses smuggling through legal entry points in the context of a Ricardo‐Viner (RV) economy. Posits that smuggling will improve welfare if the benefits of a reduced domestic price distortion exceed the resource cost of smuggling. Strengthening of anti‐smuggling activity eed not improve...
Persistent link: https://www.econbiz.de/10014863468
A simple two‐sector general equilibrium model is developed to show how the phenomenon of negative value‐added occurs in the protected sector, when the intermediate input is an exportable of the country. Previously, it has been shown in a partial analysis that the production loss of negative...
Persistent link: https://www.econbiz.de/10014863825
Purpose – The paper seeks to examine the evolution of regulatory accounting within the context of the Brazilian electricity sector reforms. The paper traces the process of the reforms and the development of the regulatory accounting system. Design/methodology/approach – The paper is based on...
Persistent link: https://www.econbiz.de/10014839400
Due to the economic and strategic importance of telecommunication services, as well as projected growth rates in the information industries, countries have adopted policy restrictions on transborder data flows (TBDF) both into and out of their countries. The reasons for these measures include...
Persistent link: https://www.econbiz.de/10014825221
which maintains the same volume of trade as a given set of tariffs, quotas, and domestic taxes and subsidies. We relate this …
Persistent link: https://www.econbiz.de/10005656443
framework and with contract-based wage rigidity, we show that permanent tariffs lead to a current account deterioration and a … fall in employment, contradicting most of the literature on macroeconomic effects of import tariffs. The crucial factor in … this complete reversal of standard results is the impact of tariffs on domestic real product wages via wage indexation …
Persistent link: https://www.econbiz.de/10005656454
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