| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10522 |
| DP10522 What Do We Really Know About Protection Before The Great Depression: Evidence From Italy | |
| Giovanni Federico; Michelangelo Vasta | |
| 发表日期 | 2015-04-05 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | The impact of protection on economic growth is one of the traditional issues in economic history, which has enjoyed a revival in recent times, with the publication of a number of comparative quantitative papers. They all share a common weakness: they measure protection with the ratio of custom revenues to imports, which is bound to bias results if imports are not perfectly inelastic. In this paper, we show that the measure of protection matters, by estimating the Trade Restrictiveness Index (TRI) by Anderson and Neary (2005) for Italy from its unification to the Great Depression. We put forward a different interpretation of some key moments of Italian trade policy and we show that the aggregate welfare losses were small in the long run and mostly related to the outlandish protection on sugar in the 1880s and 1890s. We also show that different measures of protection affect considerably the results of econometric tests on the causal relation between trade policy on economic growth in Italy and in the United States. Accordingly, we argue that the economic history of trade policy needs a systematic re-estimating of protection. |
| 主题 | Economic History |
| 关键词 | Italian economic growth Trade policy Trade restrictiveness index |
| URL | https://cepr.org/publications/dp10522 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539354 |
| 推荐引用方式 GB/T 7714 | Giovanni Federico,Michelangelo Vasta. DP10522 What Do We Really Know About Protection Before The Great Depression: Evidence From Italy. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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