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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
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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
Industrial Economics
Oxford college:
Merton College
Role:
Author
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Name:
Economic and Social Research Council
Funding agency for:
Neary, J
More from this funder
Name:
Organisation for Economic Co-operation and Development
Funding agency for:
Anderson, J
Publisher:
Blackwell Publishing
Journal:
International Economic Review More from this journal
Volume:
44
Issue:
2
Pages:
627-649
Publication date:
2003-05-01
DOI:
EISSN:
1468-2354
ISSN:
0020-6598
Language:
English
Subjects:
UUID:
uuid:6d311355-6981-4908-bb32-b667043cc2fb
Local pid:
ora:2126
Deposit date:
2008-06-27

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