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- W3123345182 abstract "The theory of effective rate of protection (ERP) has been developed in recent years in an attempt to seek a concept G,? protection which, in the presence of traded inputs, would be able to perform analytically the role that nominal tariffs played in the “older’“, traditional theory which was premised on a model which excluded traGed inputs. Thus, in the Zraditional model, with two traded goods produced with standard restrictions on the production function? by two primary factors in given endowment, and the small-country assumption, a tariff on a good would lead to: (i) a rise in the (gross) output of the protected good; (ii) a rise in the nominal value of its output; (iii) a rise in the use of each primary factor therein; (iv) a rise in the real value-added therein (which coincides with output, when real value-addeC is defined as deflated by the price of “own output”); and (;lr) a rise in the nominal value-added therein (which coincides of course with the nominal value r Thanks are due to the National Science Foundation for supporting the research reported in this paper. We have had the benefit of correspondence and/or mutual discussions over the last year with Chulsoon Khang and, in particular, Michael Bruno, whose paper (1973) in this Symposium complements ours admirably. The careful comments of John Chipman have also led to many improvements. Above all, we are greatly indebted to Yasuo Uekawa whose extremely careful reading has resulted in the removal of errors from earlier drafts. 2 These should be linear homogene NIS, concave, and factor-intensities should difFer in equilibrium." @default.
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- W3123345182 date "1972-09-01" @default.
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- W3123345182 title "The General Equilibrium Theory of Effective Protection and Resource Allocation" @default.
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