Trade Liberalization And Japanese Agricultural Import Policies
AbstractThis analysis empirically evaluates a subset of Japanese agricultural policies during the 1970s and 1980s using the Trade Restrictiveness Index recently developed by Anderson and Neary. This index, though theoretically rigorous, is empirically demanding, resulting in relatively few applications. Inferences obtained from the index are in general accordance with policy changes and economic events over the period of analysis. Using 1970 as the base, the estimated TRI suggests that policy changes during 1970-87 resulted in moderately liberalized trade. Comparison with a conventional measure of trade distortion- producer and consumer subsidy equivalents (PSEs and CSEs)- reveals contrasting inference. This suggests the choice of empirical measures in evaluating trade policies in nontrivial.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.
Volume (Year): 23 (1998)
Issue (Month): 02 (December)
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- Anderson, James E. & Neary, J. Peter, 1993.
"Domestic distortions and international trade,"
Policy Research Working Paper Series
1163, The World Bank.
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"Measuring the Restrictiveness of Trade Policy,"
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World Bank Group, vol. 8(2), pages 151-69, May.
- James E. Anderson, 1991. "The Coefficient of Trade Utilization: The Cheese Case," NBER Chapters, in: Empirical Studies of Commercial Policy, pages 221-244 National Bureau of Economic Research, Inc.
- Neary, J Peter & Schweinberger, Albert G, 1986.
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Wiley Blackwell, vol. 53(3), pages 421-32, July.
- Neary, J Peter & Schweinberger, Albert G, 1984. "Factor Content Functions and the Theory of International Trade," CEPR Discussion Papers 3, C.E.P.R. Discussion Papers.
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