Эксоцман
на главную поиск contacts

Food Protection for Sale

Опубликовано на портале: 25-10-2007
University of Connecticut, Department of Economics Working Paper. 2005.  No. 2005-13R.
This article tests the Protection for Sale (PFS) model using detailed data from U.S. food processing industries from 1978 to 1992 under alternative import demand specifications. All empirical results support the PFS model predictions and previous empirical work qualitatively. Although welfare weights are very sensitive to import demand specification, a surprising result is that we obtain weights between 2.6 and 3.6 for domestic welfare using import slopes or elasticities derived from domestic demand and supply functions. In contrast, results based on import slopes or elasticities from directly specified import demands (including the Armington model) yield the usual, unrealistically large estimates for the domestic welfare weight. We contend that the latter empirical paradox arises mainly because the explanatory variables tend to be extremely large for industries with low import ratios and/or low estimated elasticities or slopes resulting from relatively volatile import prices. The results with derived import parameters point to a much stronger role of campaign contributions within the PFS model than previously found. They also suggest that the commonly-used Armington estimates may not be appropriate for estimating the PFS model.

Ссылки
статьи: http://www.econ.uconn.edu/working/2005-13r.pdf
BiBTeX
RIS
Ключевые слова

См. также:
Torsten Persson, Guido Tabellini
[Книга]
Alan J. Auerbach, Kevin A. Hassett
[Книга]
Troy G. Schmitz
Journal of Agricultural and Applied Economics. 2002.  Vol. 34. No. 1. P. 81-93. 
[Статья]
Olivier Cadot, Lars-Hendrik Röller, Andreas Stephan
DIW Berlin Discussion Papers. 2004.  No. 458.
[Статья]