Preference Erosion and Multilateral Trade LiberalizationJoseph Francois (), Bernard Hoekman () and Miriam Manchin () World Bank Economic Review, 2006, vol. 20, issue 2, pages 197-216 Abstract: Because of concern that tariff reductions in Organisation for Economic Co-operation and Development (oecd) countries will translate into worsening export performance for the least developed countries, the erosion of trade preferences may become a stumbling block for multilateral trade liberalization. An econometric analysis of actual preference use shows that preferences are underused because of administrative burdens--estimated to be equivalent to an average of 4 percent of the value of goods traded. To quantify the maximum scope for preference erosion, the compliance cost estimates are used in a model-based assessment of the impact of full elimination of oecd tariffs. Taking into account administrative costs eliminates erosion costs in the aggregate and greatly reduces the losses for countries most affected by preference erosion. Copyright 2006, Oxford University Press. Date: 2006 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: http://EconPapers.repec.org/RePEc:oup:wbecrv:v:20:y:2006:i:2:p:197-216 Ordering information: This journal article can be ordered from Access Statistics for this article World Bank Economic Review is edited by Jaime de Melo More articles in World Bank Economic Review from Oxford University Press |
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