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A recurrent concern of researchers who measure the cost of protection is that welfare estimates based on models with … highly aggregated sectors of the economy in question will understate the true cost of protection if the tariff system is not …
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The standard measures of effective protection calculate EPRs by reference to an activity's principal product. In many activities by-products which have a positive economic value are important. Revises the standard measures to allow for the incorporation of by-products and uses an example to...
Persistent link: https://www.econbiz.de/10005003251
The standard measures of effective protection calculate EPRs by reference to an activity′s principal product. In many activities by‐products which have a positive economic value are important. Revises the standard measures to allow for the incorporation of by‐products and uses an example...
Persistent link: https://www.econbiz.de/10014863455
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In this paper, we investigate the scale of the drop in American imports after it imposed punitive tariffs on Chinese … on the specific market of textile products, which was among the most affected by the protectionism measures. The … the ongoing trade war has not only adversely affected the macroeconomic fundamentals of the US economy, but it is also …
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