The Mercantilist Index of Trade Policy
This paper develops and characterises an index of trade policy restrictiveness defined as the uniform tariff equivalent which maintains the same volume of trade as a given set of tariffs, quotas, and domestic taxes and subsidies. We relate this volume-equivalent index to the Trade Restrictiveness Index, a welfare-equivalent measure, and relate changes in both indexes to changes in the generalised mean and variance of the tariff schedule. Applications to international cross-section and time-series comparisons of trade policy show that the new index frequently gives a very different picture than do standard indexes.
Year of publication: |
1998-11
|
---|---|
Authors: | Anderson, J ; Neary, J.P. |
Institutions: | Centre for Economic Performance, LSE |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Measuring the Restrictiveness of Trade Policy
Anderson, J, (1994)
-
A New Approach to Evaluating Trade Policy
Anderson, J, (1993)
-
Domestic Distortions and International Trade
Anderson, J, (1993)
- More ...