Effective Protection, Policy Appraisal and Trade Policy Reform

16 Pages Posted: 13 Jul 2003

See all articles by Chris Milner

Chris Milner

University of Nottingham - School of Economics

David Greenaway

University of Nottingham - School of Economics

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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.

Suggested Citation

Milner, Chris and Greenaway, David, Effective Protection, Policy Appraisal and Trade Policy Reform. The World Economy, Vol. 26, pp. 441-456, April 2003. Available at SSRN: https://ssrn.com/abstract=418950

Chris Milner

University of Nottingham - School of Economics ( email )

University Park
Nottingham, NG7 2RD
United Kingdom

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)

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