The Mercantilist Index of Trade Policy

James Anderson and J. Peter Neary

No 2044, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper develops and characterizes 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 generalized 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.

Keywords: International trade policy; Quotas; Tariffs; trade liberalisation; Trade Restrictiveness Index (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
Date: 1998-12
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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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