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Aggregating trade distortions

Author

Listed:
  • Vlad Manole

    (Rutgers University)

  • Will Martin

    (The World Bank)

Abstract

We analyze the properties of tariff revenue and expenditure aggregators - tariff aggregators that keep expenditure, respectively tariff revenue constant and, in the case of the second aggregator, we correct the definition. Furthermore, under common assumptions in applied trade, we develop closed-form solutions for the expenditure and tariff revenue aggregators, which allows for practical applications of these aggregators in empirical trade. We also explore the relations between the trade-weighted average tariff, the expenditure aggregator and the revenue aggregator. We use these aggregators in a standard general equilibrium model for three countries to analyze the welfare gains from trade liberalization and compare the results. Designation : Theoretical

Suggested Citation

  • Vlad Manole & Will Martin, 2016. "Aggregating trade distortions," Economics Bulletin, AccessEcon, vol. 36(1), pages 320-328.
    • Handle: RePEc:ebl:ecbull:eb-15-00783
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2016/Volume36/EB-16-V36-I1-P32.pdf
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    Citations

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    Cited by:

    1. Anderson, Kym & Martin, Will & van der Mensbrugghe, Dominique, 2013. "Estimating Effects of Price-Distorting Policies Using Alternative Distortions Databases," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 877-931, Elsevier.
    2. Will Martin & Kym Anderson, 2007. "The Doha agenda and agricultural trade reform: the role of economic analysis," Agricultural Economics, International Association of Agricultural Economists, vol. 37(s1), pages 77-87, December.
    3. Manole, Vlad & Spatareanu, Mariana, 2010. "Trade openness and income -- A re-examination," Economics Letters, Elsevier, vol. 106(1), pages 1-3, January.
    4. Maria Cipollina & Luca Salvatici, 2008. "Measuring Protection: Mission Impossible?," Journal of Economic Surveys, Wiley Blackwell, vol. 22(3), pages 577-616, July.
    5. Cletus C. Coughlin, 2010. "Measuring international trade policy: a primer on trade restrictiveness indices," Review, Federal Reserve Bank of St. Louis, vol. 92(Sep), pages 381-394.

    More about this item

    Keywords

    tariff aggregators; expenditure aggregator; tariff revenue aggregator;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade

    Statistics

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