Anderson, James and Neary, J. Peter (1998) The mercantilist index of trade policy. CEPDP, 413. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753012499
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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.
| Item Type: | Monograph (Discussion Paper) |
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| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 1998 the authors |
| Library of Congress subject classification: | H Social Sciences > HF Commerce |
| Sets: | Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| Identification Number: | 413 |
| URL: | http://eprints.lse.ac.uk/20242/ |
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