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Trade Restrictiveness Benchmarks

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  • Anderson, James E

Abstract

Benchmark measures of trade restrictiveness using the Trade Restrictiveness Index (TRI) stand in sharp contrast to standard measures. For a twenty-seven country sample, trade weighted average tariffs underestimate restrictiveness measured by the 'uniform tariff equivalent' (the inverse of the TRI minus one) by an average of 50 percent. For a seven case sample of changes in trade policy, the TRI and changes in average tariffs are uncorrelated. These conclusions appear to be robust with respect to missing data problems and to elasticity of substitution variation, but may be sensitive to the assumptions used to treat nontariff barriers.

Suggested Citation

  • Anderson, James E, 1998. "Trade Restrictiveness Benchmarks," Economic Journal, Royal Economic Society, vol. 108(449), pages 1111-1125, July.
    • Handle: RePEc:ecj:econjl:v:108:y:1998:i:449:p:1111-25
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    References listed on IDEAS

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    1. Anderson, James E & Neary, J Peter, 1994. "The Trade Restrictiveness of the Multi-fibre Arrangement," The World Bank Economic Review, World Bank, vol. 8(2), pages 171-189, May.
    2. Anderson, James E & Neary, J Peter, 1992. "Trade Reform with Quotas, Partial Rent Retention, and Tariffs," Econometrica, Econometric Society, vol. 60(1), pages 57-76, January.
    3. Anderson, James E & Bannister, Geoffrey J & Neary, J Peter, 1995. "Domestic Distortions and International Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(1), pages 139-157, February.
    4. Edwards, Sebastian, 1993. "Openness, Trade Liberalization, and Growth in Developing Countries," Journal of Economic Literature, American Economic Association, vol. 31(3), pages 1358-1393, September.
    5. J. P. Neary (ed.), 1995. "International Trade," Books, Edward Elgar Publishing, volume 0, number 575.
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    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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