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Measuring the restrictiveness of trade policy

Author

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  • James E. Anderson
  • J. Peter Neary

Abstract

This article provides an introduction to the trade restrictiveness index (TRI), which equals the uniform tariff that is welfare equivalent to a given pattern of trade protection. Unlike standard measures of trade restrictiveness, the TRI has a solid theoretical basis, can incorporate both tariffs and quantitative restrictions, and can be adapted to construct the trade policy equivalent of domestic distortions, the article compares a number of applications and describes procedures for operationalizing the TRI on a personal computer. The authors conclude that the TRI has considerable potential in empirical work. Copyright 1994 by Oxford University Press.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • James E. Anderson & J. Peter Neary, 1993. "Measuring the restrictiveness of trade policy," Working Papers 199307, School of Economics, University College Dublin.
  • Handle: RePEc:ucn:wpaper:199307
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    File URL: http://hdl.handle.net/10197/1711
    File Function: First version, 1993
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