Is there a dirty little secret? Non-tariff barriers and the gains from trade

Niven Winchester

No 801, Working Papers from University of Otago, Department of Economics

Abstract: We estimate tariff equivalents (TEs) of non-tariff barriers (NTBs) using a series of gravity equations. Our analysis focuses on New Zealand, a nation that has a comprehensive free trade agreement (with Australia) that can be used to benchmark other trade negotiations. We estimate reductions in TEs following trade negotiations as differences between New Zealand-Australia TEs and those applying to trade between New Zealand and other nations. Simulating reductions in tariffs and NTBs in a computable general equilibrium (CGE) model indicates that gains from trade liberalisation are much larger when tariffs and NTBs are consider than when only tariffs are reduced.

Keywords: trade liberalisation; non-tariff barriers; computable general equilibrium modelling (search for similar items in EconPapers)
JEL-codes: D58 F15 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2008-01, Revised 2008-01
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http://www.otago.ac.nz/economics/research/otago077106.pdf First version, 2008 (application/pdf)

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Journal Article: Is there a dirty little secret? Non-tariff barriers and the gains from trade (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:otg:wpaper:0801

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