explain tariffs as the outcome of a lobbying process. In most empirical implementations of this framework protection is instead measured using non-tariff barriers. Since tariffs allow the government to fully capture the rents from protection, while non-tariff barriers do not, the existing parameter estimates of the protection for sale model are likely to be biased. To address this problem, we augment the framework by considering instruments that allow partial capturing. Our specification is supported by the data, where we find that only 72-75% of the rent from protection is appropriated by the government

Protecton for sale with imperfect rent capturing / G. Facchini, J. Van Biesebroeck, G. Willmann. - In: CANADIAN JOURNAL OF ECONOMICS. - ISSN 0008-4085. - 39:3(2006), pp. 845-873.

Protecton for sale with imperfect rent capturing

G. Facchini
Primo
;
2006

Abstract

explain tariffs as the outcome of a lobbying process. In most empirical implementations of this framework protection is instead measured using non-tariff barriers. Since tariffs allow the government to fully capture the rents from protection, while non-tariff barriers do not, the existing parameter estimates of the protection for sale model are likely to be biased. To address this problem, we augment the framework by considering instruments that allow partial capturing. Our specification is supported by the data, where we find that only 72-75% of the rent from protection is appropriated by the government
Settore SECS-P/01 - Economia Politica
2006
http://economics.ca/cgi/xms?jab=v39n3/CJEv39n3p0845.pdf
Article (author)
File in questo prodotto:
Non ci sono file associati a questo prodotto.
Pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/54015
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 28
  • ???jsp.display-item.citation.isi??? 25
social impact