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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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  • Mercenier, J.
  • Yeldan, E.

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.

Suggested Citation

  • 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, Centre interuniversitaire de recherche en ├ęconomie quantitative, CIREQ.
  • Handle: RePEc:mtl:montec:9606
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    Cited by:

    1. Mercenier, Jean & Yeldan, Erinc, 1997. "On Turkey's trade policy: Is a customs union with Europe enough?," European Economic Review, Elsevier, vol. 41(3-5), pages 871-880, April.
    2. 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.

    More about this item

    Keywords

    GENERAL EQUILIBRIUM; TURKEY; POLITICAL ECONOMY; ECONOMIC DEVELOPMENT;

    JEL classification:

    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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