A new approach to evaluating trade policy

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Title: A new approach to evaluating trade policy
Authors: Anderson, James E.
Neary, J. Peter
Permanent link: http://hdl.handle.net/10197/1521
Date: 25-Nov-1991
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.
Funding Details: World Bank
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Subject LCSH: Trade regulation
Commercial policy
Protectionism
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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