The Mercantilist Index of Trade Policy

James Anderson and J. Peter Neary

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: 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.

Date: 1998-11
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: The Mercantilist Index of Trade Policy (2003)
Working Paper: The mercantilist index of trade policy (2001)
Working Paper: The Mercantilist Index of Trade Policy (1999)
Working Paper: The Mercantilist Index of Trade Policy (1998)
Working Paper: The Mercantilist Index of Trade Policy (1998)
Working Paper: The mercantilist index of trade policy (1998)
Working Paper: The Mercantilist Index of Trade Policy (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp0413

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