The article provides a summary measure of the Uruguay Round tariff reduction commitments in the European Union and the United States, using the Mercantilistic Trade Restrictiveness Index (MTRI) as the tariff aggregator. We compute the index for agricultural commodity aggregates assuming a specific (constant elasticity of substitution) functional form for import demand. The levels of the MTRI under the actual commitments of the Uruguay Round are computed and compared with two hypothetical cases, a deeper cut in higher tariffs and a uniform reduction of each tariff, both leading to the same average reduction as in the Uruguay Round. This makes it possible to infer how reducing tariff dispersion will help improve market access in future trade agreements, and provides some guidelines for aggregating detailed tariffs in trade models. Copyright 2005 International Association of Agricultural Economics.
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Article provided by International Association of Agricultural Economists in its journal Agricultural Economics.
Volume (Year): 33 (2005) Issue (Month): s3 (November) Pages: 479-490 Download reference. The following formats are available: HTML
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Kyle Bagwell & Robert W. Staiger, 2000.
"GATT-Think,"
NBER Working Papers
8005, National Bureau of Economic Research, Inc.
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Kyle Bagwell & Robert W. Staiger, 2002.
"GATT-think,"
Discussion Papers
0102-39, Columbia University, Department of Economics.
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