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The mercantilist index of trade policy

Abstract:

We introduce an index of trade policy restrictiveness defined as the uniform tariff that maintains the same trade volume as a given tariff/quota structure. Our index overcomes the problems of the trade-weighted average tariff: It avoids substitution bias, correctly accounts for general equilibrium transfers, and takes import volume instead of welfare as benchmark. Empirical applications to international cross section and time-series comparisons of trade policy confirm our theoretical results:...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
Boston College
Role:
Author
More by this author
Institution:
University of Oxford
Research group:
Industrial Economics
Oxford college:
Merton College
Department:
Social Sciences Division - Economics
Role:
Author
Publisher:
Blackwell Publishing Publisher's website
Journal:
International Economic Review Journal website
Volume:
44
Issue:
2
Pages:
627-649
Publication date:
2003-05-05
DOI:
EISSN:
1468-2354
ISSN:
0020-6598
URN:
uuid:6d311355-6981-4908-bb32-b667043cc2fb
Local pid:
ora:2126
Language:
English
Subjects:

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