The Mercantilist Index of Trade Policy.
This paper develops and characterises an index of trade policy restrictiveness defined as the uniform tariff equivalent which maintains the same volume of trade as a given set of tariffs, quotas, and domestic taxes and subsidies. We relate this volume-equivalent index to the Trade Restrictiveness In...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
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Centre for Economic Performance, LSE
1998
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| _version_ | 1797098260585775104 |
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| author | Anderson, J Neary, J |
| author_facet | Anderson, J Neary, J |
| author_sort | Anderson, J |
| collection | OXFORD |
| description | This paper develops and characterises an index of trade policy restrictiveness defined as the uniform tariff equivalent which maintains the same volume of trade as a given set of tariffs, quotas, and domestic taxes and subsidies. We relate this volume-equivalent index to the Trade Restrictiveness Index, a welfare-equivalent measure, and relate changes in both indexes to changes in the generalised mean and variance of the tariff schedule. Applications to international cross-section and time-series comparisons of trade policy show that the new index frequently gives a very different picture than do standard indexes. |
| first_indexed | 2024-03-07T05:07:01Z |
| format | Working paper |
| id | oxford-uuid:da43e3c0-f541-45a0-9fb8-45531a2f765a |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T05:07:01Z |
| publishDate | 1998 |
| publisher | Centre for Economic Performance, LSE |
| record_format | dspace |
| spelling | oxford-uuid:da43e3c0-f541-45a0-9fb8-45531a2f765a2022-03-27T09:01:57ZThe Mercantilist Index of Trade Policy.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:da43e3c0-f541-45a0-9fb8-45531a2f765aEnglishDepartment of Economics - ePrintsCentre for Economic Performance, LSE1998Anderson, JNeary, JThis paper develops and characterises an index of trade policy restrictiveness defined as the uniform tariff equivalent which maintains the same volume of trade as a given set of tariffs, quotas, and domestic taxes and subsidies. We relate this volume-equivalent index to the Trade Restrictiveness Index, a welfare-equivalent measure, and relate changes in both indexes to changes in the generalised mean and variance of the tariff schedule. Applications to international cross-section and time-series comparisons of trade policy show that the new index frequently gives a very different picture than do standard indexes. |
| spellingShingle | Anderson, J Neary, J The Mercantilist Index of Trade Policy. |
| title | The Mercantilist Index of Trade Policy. |
| title_full | The Mercantilist Index of Trade Policy. |
| title_fullStr | The Mercantilist Index of Trade Policy. |
| title_full_unstemmed | The Mercantilist Index of Trade Policy. |
| title_short | The Mercantilist Index of Trade Policy. |
| title_sort | mercantilist index of trade policy |
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