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How Prescribed Policy Can Mislead when Data Are Defective: A Follow-Up to Srinivasan (1994) Using General Equilibrium

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Author Info
Mercenier, J.
Yeldan, E.

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Abstract

We 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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Publisher Info
Paper provided by Centre interuniversitaire de recherche en économie quantitative, CIREQ in its series Cahiers de recherche with number 9606.

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Length: 27 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:mtl:montec:9606

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Keywords: GENERAL EQUILIBRIUM; TURKEY; POLITICAL ECONOMY; ECONOMIC DEVELOPMENT;

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Find related papers by JEL classification:
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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