Protección efectiva y costo doméstico de la divisa: comparación de su eficiencia en el cumplimiento de objetivos alternativos

Abstract

In this paper the authors intend to make a comparison between the effective protection coefficient (EPC) and the domestic resource cost (DRC) on both theoretical and empirical basis, the last one referred to the argentine case. They conclude that, althought the resulting ranking don't differ significatively globally considered, main discrepancies are evident in some particular cases. This discrepancies should not discourage if the DRC and the EPC are considered not as competitive but complementaries in the political economic analysis. The first one with the objective to evaluate the social costs in an ex-post sense, and the static comparative advantages in an ex-ante sense. On the other hand, the EPC to infer the direction the resources are allocated in the economy.