How Prescribed Policy Can Mislead when Data Are Defective: A Follow-Up to Srinivasan (1994) Using General Equilibrium
AbstractWe highlight an example of considerable bias in officially published input-output data (factor-income shares) by an LDC (Turkey), which many researchers use without question. We make use of an intertemporal general equilibrium model of trade and production to evaluate the dynamic gains for Turkey from currently debated trade policy options and compare the predictions using conservatively adjusted, rather than official, data on factor shares.
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Bibliographic InfoPaper provided by Centre interuniversitaire de recherche en économie quantitative, CIREQ in its series Cahiers de recherche with number 9606.
Length: 27 pages
Date of creation: 1996
Date of revision:
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GENERAL EQUILIBRIUM; TURKEY; POLITICAL ECONOMY; ECONOMIC DEVELOPMENT;
Other versions of this item:
- Mercenier, J. & Yeldan, E., 1996. "How Prescribed Policy Can Mislead when Data Are Defective: a Follow-Up to Srinivasan (1994) Using General Equilibrium," Cahiers de recherche 9606, Universite de Montreal, Departement de sciences economiques.
- Jean Mercenier & Erinc Yeldan, 1996. "How prescribed policy can mislead when data are defective: a follow-up to Srinivasan (1994) using general equilibrium," Staff Report 207, Federal Reserve Bank of Minneapolis.
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
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- Mercenier, Jean & Yeldan, A. Erinc, 1996. "On Turkey's European Trade Policy: How Desirable is a Status Quo," 1996: Implications of the New Growth Theory to Agricultural Trade Research and Trade Policy Conference, December 1996, Washington DC 50865, International Agricultural Trade Research Consortium.
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