We define a distance function appropriate to the quantitative evaluation of trade reform, the coefficient of trade utilization. It is the natural measure for quota reform, and has theoretical and practical advantages over the standard tariff equivalent/consumer surplus method. We illustrate its properties by stating observable and very general measures of the welfare effects of trade reform.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP89/5
Subject – LCSH
Commercial policy--Econometric models
Trade regulation--Econometric models
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
