Political economy of protection

 

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Political economy of protection

The study of reasons, especially political ones, that countries choose to use protection. Includes models of voting, lobbying, and campaign contributions as these lead policy makers to erect tariffs.



Similar Matches

Home responsibilities protection

Home responsibilities protection

A scheme which preserves your rights to a basic state pension during periods when you are caring for children, an elderly relative or other dependants.


Employment argument for protection

Employment argument for protection

The use of a tariff or other trade restriction to promote employment, either in the economy at large or in a particular industry. This is a second best argument, since other policies -- such as a fiscal stimulus or a production subsidy -- could achieve the same effect at lower economic cost.


Investor Protection Scheme

Investor Protection Scheme

See: 'Financial Services Compensation Scheme'.


Labor standards argument for protection

Labor standards argument for protection

The view that trade restrictions (trade sanctions) should be used as a tool to improve labor standards, limiting imports, for example, from countries that do not enforce such labor rights as freedom of association and collective bargaining.


Effective rate of protection

Effective rate of protection

A 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).


Further Suggestions

Consumer Credit Protection Act of 1968
Second-best argument for protection
Protection
Balance of payments argument for protection
Protectionism
protection applied
Securities Investor Protection Corporation
Building Societies Investor Protection Scheme
Actual protection rate
Payment protection insurance
Retirement Protection Act of 1994
mortgage protection
Import protection
Safeguards protection
Exchange rate protection
Protectionism
Domestic content protection
Labor standards argument for protection
Call protection
Mortgage payment protection insurance (MPPI)
Fairness argument for protection
Self-sufficiency argument for protection
Downside Protection
Domestic distortions argument for protection
Environmental protection argument for a trade intervention


 
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