A New Approach to Evaluating Trade Policy.
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 w...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
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CEPR
1992
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| _version_ | 1826303194139983872 |
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| author | Anderson, J Neary, J |
| author_facet | Anderson, J Neary, J |
| author_sort | Anderson, J |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-07T05:58:57Z |
| format | Working paper |
| id | oxford-uuid:eb813611-38b9-463d-ad20-a30468c87128 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T05:58:57Z |
| publishDate | 1992 |
| publisher | CEPR |
| record_format | dspace |
| spelling | oxford-uuid:eb813611-38b9-463d-ad20-a30468c871282022-03-27T11:10:13ZA New Approach to Evaluating Trade Policy.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:eb813611-38b9-463d-ad20-a30468c87128EnglishDepartment of Economics - ePrintsCEPR1992Anderson, JNeary, JThis 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. |
| spellingShingle | Anderson, J Neary, J A New Approach to Evaluating Trade Policy. |
| title | A New Approach to Evaluating Trade Policy. |
| title_full | A New Approach to Evaluating Trade Policy. |
| title_fullStr | A New Approach to Evaluating Trade Policy. |
| title_full_unstemmed | A New Approach to Evaluating Trade Policy. |
| title_short | A New Approach to Evaluating Trade Policy. |
| title_sort | new approach to evaluating trade policy |
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