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Protection By Tariff Barriers And International Transaction Costs

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  • Chris Milner

Abstract

Using estimates of protection in the EU market against US exports, this paper illustrates the relative importance of natural and policy sources of protection and the measurement errors induced in the measurement of effective protection by omitting transactions costs. It also considers protection in the EU ‘domestic’ and export market, and the implications of the elimination of tariff barriers only on relative rates of protection in ‘domestic’ and export markets.

Suggested Citation

  • Chris Milner, 2005. "Protection By Tariff Barriers And International Transaction Costs," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(1), pages 105-121, February.
    • Handle: RePEc:bla:scotjp:v:52:y:2005:i:1:p:105-121
    DOI: 10.1111/j.0036-9292.2005.00337.x
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    Cited by:

    1. repec:ebl:ecbull:v:12:y:2007:i:3:p:1-6 is not listed on IDEAS
    2. Maiti, Dibyendu & Mukherjee, Arijit, 2013. "Governance, foreign direct investment and domestic welfare," International Review of Economics & Finance, Elsevier, vol. 27(C), pages 406-415.
    3. Sugata Marjit & Arijit Mukherjee, 2008. "International Outsourcing and R&D: Long‐Run Implications for Consumers," Review of International Economics, Wiley Blackwell, vol. 16(5), pages 1010-1022, November.

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