The coefficient of trade utilization: back to the Baldwin Envelope

J. Peter Neary and James Anderson

No 198905, Working Papers from School of Economics, University College Dublin

Abstract: We define a distance function appropriate to the quantitative evaluation of trade reform, the coefficient of trade utilization. It is the natural measure for quota reform, and has theoretical and practical advantages over the standard tariff equivalent/consumer surplus method. We illustrate its properties by stating observable and very general measures of the welfare effects of trade reform.

Keywords: Commercial policy--Econometric models; Trade regulation--Econometric models (search for similar items in EconPapers)
Date: 1989-04
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http://hdl.handle.net/10197/1462 First version, 1989 (application/pdf)

Related works:
Working Paper: The Coefficient of Trade Utilization: Back to the Baldwin Envelope (1988)
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