Measuring trade strategy in the presence of non‐tradeables: Theory and some evidence for the Caribbean
构建了包含非贸易品的三部门开放经济模型，研究贸易干预下非贸易品价格内生调整对贸易策略的影响，并用特立尼达和多巴哥及巴巴多斯的实证数据检验了局部均衡与一般均衡保护度量的差异。
This article models trade policies in the presence of non-tradeables, and investigates trade strategy interventions and outcomes where the price of non-tradeables endogenously adjusts to trade interventions. Trade regime bias and neutrality issues are examined within a three-sector, open economy model. The theoretical framework is operationalised using empirical evidence for Trinidad and Barbados. The robustness of partial equilibrium measures of protection for classifying trade strategies is challenged and evidence on alternative general equilibrium or 'true' measures of protection is reported. 'True' or revealed trade strategies are shown to differ from those apparently intended by policy-makers.