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dc.contributor.authorMercenier, J.en_US
dc.contributor.authorYeldan, E.en_US
dc.date.accessioned2015-07-28T11:56:48Z
dc.date.available2015-07-28T11:56:48Z
dc.date.issued1999en_US
dc.identifier.issn0161-8938
dc.identifier.urihttp://hdl.handle.net/11693/11080
dc.description.abstractThe technical difficulties associated with building and solving applied general equilibrium (GE) models seem to have distracted our attention from the data. In this article, we forcefully stress that whatever the sophistication of the GE analysis, it is only worth the quality of the supporting data it utilizes. We first highlight an example of a flagrant flaw in officially published input-output data (factor-income shares) by an LDC (Turkey), which many researchers use without question. We then make use of an applied GE model to evaluate the dynamic gains for Turkey from currently debated trade policy options and compare the predictions using conservatively adjusted, rather than official, data on factor shares. We show that the predicted welfare gains are not only of a different order of magnitude, but in some cases, of a different sign; hence, suggesting contradictory policy recommendations.en_US
dc.language.isoEnglishen_US
dc.source.titleJournal of Policy Modelingen_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/S0161-8938(98)00024-6en_US
dc.subjectApplied general equilibriumen_US
dc.subjectDataen_US
dc.subjectDevelopmenten_US
dc.subjectPolicy analysisen_US
dc.subjectTurkeyen_US
dc.titleA plea for greater attention on the data in policy analysisen_US
dc.typeArticleen_US
dc.departmentDepartment of Economicsen_US
dc.departmentDepartment of International Relationsen_US
dc.citation.spage851en_US
dc.citation.epage873en_US
dc.citation.volumeNumber21en_US
dc.citation.issueNumber7en_US
dc.identifier.doi10.1016/S0161-8938(98)00024-6en_US
dc.publisherElsevier Inc.en_US
dc.identifier.eissn1873-8060


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