The mercantilist index of trade policy
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 t...
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| Aineistotyyppi: | Journal article |
| Kieli: | English |
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Blackwell Publishing
2003
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