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A new approach to evaluating trade policy

Anderson, J. and Neary, J. P. (1993) A new approach to evaluating trade policy. CEPDP, 173. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Abstract

This paper introduces a new measure, the Trade Restrictiveness Index, which measures the restrictiveness of a system of trade protection. The index is a general equilibrium application of the distance function and answers the question: "What uniform set of trade restrictions is equivalent (in welfare terms) to the initial protective structure?" The index is applicable to both tariffs and quotas and allows international and intertemporal comparisons. The index is operational and we provide an empirical example to illustrate its applicability and to show its superiority to commonly used measures.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1993 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/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 173
Date Deposited: 19 Aug 2008 09:22
URL: http://eprints.lse.ac.uk/20928/

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