Can we obtain realistic parameter estimates for the 'protection for sale' model?

Mitra, Devashish, Thomakos, Dimitrios D. and Ulubasoglu, Mehmet 2006, Can we obtain realistic parameter estimates for the 'protection for sale' model?, Canadian journal of economics/Revue canadienne d'économique, vol. 39, no. 1, pp. 187-210.

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Title Can we obtain realistic parameter estimates for the 'protection for sale' model?
Author(s) Mitra, Devashish
Thomakos, Dimitrios D.
Ulubasoglu, Mehmet
Journal name Canadian journal of economics/Revue canadienne d'économique
Volume number 39
Issue number 1
Start page 187
End page 210
Publisher Blackwell Publishing Inc.
Place of publication Oxford, England
Publication date 2006
ISSN 0008-4085
1540-5982
Summary In the Grossman and Helpman (1994) model of endogenous trade protection, sectoral lobbies try to influence an incumbent government that maximizes a weighted sum of political contributions and aggregate welfare. We empirically investigate this model using U.S. and Turkish data. Our specification is more tightly tied to theory than those in existing studies. Additionally, we assume all specific‐factor owners to be organized into different lobbies. These changes, validated by hypothesis tests, yield more realistic parameter estimates of the government's concern for aggregate welfare and of the fraction of population organized into lobbies.
Language eng
Field of Research 140210 International Economics and International Finance
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2006, Canadian Economics Association
Persistent URL http://hdl.handle.net/10536/DRO/DU:30006517

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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