Trade Policy Uncertainty and the WTO

Valeria Groppo and Roberta Piermartini

Working Papers from eSocialSciences

Abstract: This paper discusses the impact of WTO commitments on changes in MFN applied tariffs, isolating pure trade policy changes from any other change in the level of protection due to market conditions by focusing on ad valorem tariffs. We measure trade policy uncertainty as the probability of a tariff increase to account for the fact that it is only the prospect of a bad shock that affects an exporter’s decision of whether to enter a certain market.

Keywords: WTO; tariff policy; trade agreements; price volatility; shock; policies; market; gains from trade agreements; commitments; tariffs formation; binding overhang. (search for similar items in EconPapers)
Date: 2015-01
Note: Institutional Papers
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Related works:
Working Paper: Trade Policy Uncertainty and the WTO (2014)
Working Paper: Trade policy uncertainty and the WTO (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ess:wpaper:id:6419

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