Effective Protection, Policy Appraisal and Trade Policy Reform

University of Nottingham, GEP Working Paper No. 2003/06

26 Pages Posted: 9 Jun 2003

See all articles by David Greenaway

David Greenaway

University of Nottingham - School of Economics

Chris Milner

University of Nottingham - School of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: May 2003

Abstract

When the effective protection concept was first developed it was widely regarded as a key measure of the structure of protection and became widely deployed. It was however subject to a theoretical critique on the grounds that it was essentially a partial equilibrium measure, which could not be easily embedded in a general equilibrium framework. Notwithstanding this critique, the concept has continued to be widely used, especially in the context of policy reform and policy appraisal in developing countries. This paper re-appraises the concept, reviews the extent of its application and discusses the factors behind its longevity as an investigative tool. The paper concludes that the measure still has a role to play in evaluating the structure of protection.

Keywords: protection, trade policy

JEL Classification: F1

Suggested Citation

Greenaway, David and Milner, Chris, Effective Protection, Policy Appraisal and Trade Policy Reform (May 2003). University of Nottingham, GEP Working Paper No. 2003/06. Available at SSRN: https://ssrn.com/abstract=408902 or http://dx.doi.org/10.2139/ssrn.408902

David Greenaway (Contact Author)

University of Nottingham - School of Economics ( email )

University Park
Nottingham, NG7 2RD
United Kingdom
+44 115 951 5469 (Phone)
+44 115 951 4159 (Fax)

Chris Milner

University of Nottingham - School of Economics ( email )

University Park
Nottingham, NG7 2RD
United Kingdom

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