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Alternative Approaches to Measuring the Cost of Protection

Author

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  • Arvind Panagariya

    (University of Maryland)

Abstract

Economists measure the economy-wide cost of protection in terms of static efficiency, growth rates and firm- or industry-level productivity. The earlier literature was devoted almost exclusively to the measurement of static welfare effects. But the recent proliferation of cross-country regressions has led some economists to focus on the effects of protection on growth rates. Equally, the increased interest in firm- and industry-level regressions has given rise to studies aimed at measuring the effect of protection on firm or industry productivity. A final, albeit less formal, strand of the literature focuses on in- depth case studies of specific countries or sectors. The purpose of this paper is to offer a unified treatment of the literature on the cost of protection with special attention paid to the measurement of these effects.

Suggested Citation

  • Arvind Panagariya, 2003. "Alternative Approaches to Measuring the Cost of Protection," International Trade 0308002, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpit:0308002
    Note: Type of Document - Tex/WordPerfect/Handwritten; prepared on IBM PC - PC-TEX/UNIX Sparc TeX; to print on HP/PostScript/Franciscan monk; pages: 345,395,4323247 ; figures: included/request from author/draw your own
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/it/papers/0308/0308002.pdf
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    References listed on IDEAS

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    Cited by:

    1. Arvind Panagariya, 2002. "Cost of Protection: Where Do We Stand?," American Economic Review, American Economic Association, vol. 92(2), pages 175-179, May.

    More about this item

    Keywords

    subliminal extant Smith economagic gmm;

    JEL classification:

    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business

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