Political economy of protection
Political economy of protectionThe 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.
Home responsibilities protectionHome 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 protectionEmployment 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 SchemeInvestor Protection Scheme
See: 'Financial Services Compensation Scheme'.
Labor standards argument for protectionLabor 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 protectionEffective 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 SuggestionsConsumer Credit Protection Act of 1968
Second-best argument for protection
Balance of payments argument for protection
Securities Investor Protection Corporation
Building Societies Investor Protection Scheme
Actual protection rate
Payment protection insurance
Retirement Protection Act of 1994
Exchange rate protection
Domestic content protection
Labor standards argument for protection
Mortgage payment protection insurance (MPPI)
Fairness argument for protection
Self-sufficiency argument for protection
Domestic distortions argument for protection
Environmental protection argument for a trade intervention