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A new approach to evaluating trade policy
Author(s)
Date Issued
1991-11-25
Date Available
2009-10-16T14:21:23Z
Abstract
This paper introduces a new measure, the Trade Restrictiveness Index, which measures the restrictiveness of a system of trade protection. The index is a general equilibrium application of the distance function and answers the question: `What uniform set of trade restrictions is equivalent (in welfare terms) to the initial protective structure?' The index is applicable to both tariffs and quotas and allows international and intertemporal comparisons. The index is operational and we provide an empirical example to illustrate its applicability and to show its superiority to commonly used measures.
External Notes
The original photocopying quality of this item renders some text unreadable. A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Sponsorship
World Bank
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP91/5
Subject – LCSH
Trade regulation
Commercial policy
Protectionism
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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