Burnquist, Heloisa Lee; Shutes, Karl; Rau, Marie-Luise; … - 2011
Non-tariff measures (NTMs) beyond traditional trade policy instruments define the requirements that importing countries … imposed on foreign products. Due to differences across countries, requirements for supplying foreign markets can lead to trade … costs and thus hamper international trade. In this paper, we introduce two regulatory heterogeneity indexes which are …