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Effective rate of protection |
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Effective rate of protectionA measure of the protection provided to an industry by the entire structure of tariffs, taking into account the effects of tariffs on inputs as well as on outputs. Letting bij be the share of input i in the value of output j, the ERP of industry j is ERPj = (tj-Sibijtij)/(1-Sibij). Due to Corden (1966).Similar MatchesDomestic content protectionDomestic content protectionUse of trade policies such as domestic content requirements to increase the portion of a product's value that is provided by domestic factors of production, either in direct production or through produced inputs. Safeguards protectionSafeguards protectionImport protection provided under the Safeguards Clause. Payment protection insurancePayment protection insuranceA type of insurance that pays your loan for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. Most non-mortgage PPI products are taken out for a length of time that corresponds to the life of the loan it is protecting. Balance of payments argument for protectionBalance of payments argument for protectionA common reason for restricting imports, especially under fixed exchange rates, when a country is losing international reserves due to a trade deficit. It can be argued that this is a second best argument, since a devaluation could solve the problem without distorting the economy and therefore at smaller economic cost. Tariff protectionTariff protectionProtection provided by a tariff. Further SuggestionsProtectionismEnvironmental protection argument for a trade intervention Self-sufficiency argument for protection Externalities argument for protection mortgage protection Securities Investor Protection Corporation Cultural argument for protection home responsibilities protection Marine Mammal Protection Act Foreign investment argument for protection Domestic distortions argument for protection Protection Contingent protection Protectionism Investor Protection Scheme Labor standards argument for protection Political economy of protection National defense argument for protection Infant industry protection Employment argument for protection Endogenous protection Call protection Patriotism argument for protection Nominal rate of protection court of protection |
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