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Trade Restrictiveness in the Presence of 'New' Goods

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Author Info
Christos Pantzios ()
Abstract

The Trade Restrictiveness Index (TRI) by Anderson and Neary (1994) is an index number aggregating trade distortions in the context of a small open economy. A liberalization process which allows trade in goods not traded in previous periods, implies different sets of goods in the two successive periods over which the TRI is defined; this may introduce a bias, inherent in index numbers. This paper attempts a refinement of the standard TRI to allow for the presence of newly traded goods in the definition of the index. In addition, an implementable expression of the refined TRI is provided. Copyright Kluwer Academic Publishers 2000

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File URL: http://hdl.handle.net/10.1023/A:1008357230630
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Publisher Info
Article provided by Springer in its journal Open Economies Review.

Volume (Year): 11 (2000)
Issue (Month): 1 (January)
Pages: 93-101
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Handle: RePEc:kap:openec:v:11:y:2000:i:1:p:93-101

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Related research
Keywords: trade restrictiveness index; new goods; international trade;

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References listed on IDEAS
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  1. 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. [Downloadable!] (restricted)
  2. Feenstra, Robert C, 1994. "New Product Varieties and the Measurement of International Prices," American Economic Review, American Economic Association, vol. 84(1), pages 157-77, March. [Downloadable!] (restricted)
  3. Neary, J Peter, 1989. "Trade Liberalization and Shadow Prices in the Presence of Tariffs and Quotas," CEPR Discussion Papers 345, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  4. Falvey, Rodney E., 1981. "Commercial policy and intra-industry trade," Journal of International Economics, Elsevier, vol. 11(4), pages 495-511, November. [Downloadable!] (restricted)
  5. Lloyd, P. J. & Schweinberger, A. G., 1988. "Trade expenditure functions and the gains from trade," Journal of International Economics, Elsevier, vol. 24(3-4), pages 275-297, May. [Downloadable!] (restricted)
  6. J Anderson & J.P. Neary, 1994. "Measuring the Restrictiveness of Trade Policy," CEP Discussion Papers dp0186, Centre for Economic Performance, LSE.
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  7. Lloyd, Peter J & Schweinberger, Albert G, 1990. " Distortions, True Trade Price and Quantity Indices and Welfare," Scandinavian Journal of Economics, Blackwell Publishing, vol. 92(4), pages 541-57.
  8. 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. [Downloadable!]
  9. Anderson, James E & Neary, J Peter, 1996. "A New Approach to Evaluating Trade Policy," Review of Economic Studies, Blackwell Publishing, vol. 63(1), pages 107-25, January. [Downloadable!] (restricted)
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  10. 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 139-57, February. [Downloadable!] (restricted)
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  11. Robert C. Feenstra & James R. Markusen, 1992. "Accounting for Growth With New Inputs," NBER Working Papers 4114, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  12. W. Erwin Diewert, 1980. "Aggregation Problems in the Measurement of Capital," NBER Chapters, in: The Measurement of Capital, pages 433-538 National Bureau of Economic Research, Inc. [Downloadable!]
  13. Neary, J. P. & Roberts, K. W. S., 1980. "The theory of household behaviour under rationing," European Economic Review, Elsevier, vol. 13(1), pages 25-42, January. [Downloadable!] (restricted)
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  14. Anderson, James E, 1995. "Tariff-Index Theory," Review of International Economics, Blackwell Publishing, vol. 3(2), pages 156-73, June.
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