Is there a dirty little secret? Non-tariff barriers and the gains from trade
AbstractWe estimate tariff equivalents (TEs) of non-tariff barriers (NTBs) using a series of gravity equations. Our analysis focuses on New Zealand, a nation that has a comprehensive free trade agreement (with Australia) that can be used to benchmark other trade negotiations. We estimate reductions in TEs following trade negotiations as differences between New Zealand-Australia TEs and those applying to trade between New Zealand and other nations. Simulating reductions in tariffs and NTBs in a computable general equilibrium (CGE) model indicates that gains from trade liberalisation are much larger when tariffs and NTBs are consider than when only tariffs are reduced.
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Bibliographic InfoPaper provided by University of Otago, Department of Economics in its series Working Papers with number 0801.
Length: 38 pages
Date of creation: Jan 2008
Date of revision: Jan 2008
trade liberalisation; non-tariff barriers; computable general equilibrium modelling;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
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