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The theory of effective protection in general equilibrium: effective-rate analogues of nominal rates

In: THE FLOATING WORLD Issues in International Trade Theory

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  • WILFRED ETHIER

Abstract

The theory of effective protection in general equilibrium: effective-rate analogues of nominal rates. This paper provides explicit conditions for the existence of measurable indices of effective protection that yield information about certain quantities comparable to the information obtainable from nominal rates in the absence of intermediate goods. These conditions enable one to address the basic issues in the multi-commodity theory of effective protection without the usual reliance on extensive, tedious mathematical manipulations…

Suggested Citation

  • Wilfred Ethier, 2014. "The theory of effective protection in general equilibrium: effective-rate analogues of nominal rates," World Scientific Book Chapters, in: THE FLOATING WORLD Issues in International Trade Theory, chapter 22, pages 445-457, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814590327_0022
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