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Measuring Effects of Trade Policy Distortions: How far have we come?


  • Kym Anderson

    () (School of Economics, University of Adelaide, Australia)


After a brief review of the literature to the early 1970s, this paper assesses the contributions during the past three decades to measuring the distortionary effects of trade policies. It does not pretend to be comprehensive, but draws on selections from the literature that give a sense of the distance the profession has travelled from a trade policy practitionerÂ’s viewpoint since CordenÂ’s first paper on the subject in 1957. Phenomenal though that progress has been, there is ample room for further improvement in computing the economic (and other) effects of trade-related policies and their reform. The paper concludes with suggestions of where the priorities should be in global modelling of trade policy reform, as the world moves into the next round of multilateral trade negotiations.

Suggested Citation

  • Kym Anderson, 2002. "Measuring Effects of Trade Policy Distortions: How far have we come?," Centre for International Economic Studies Working Papers 2002-09, University of Adelaide, Centre for International Economic Studies.
  • Handle: RePEc:adl:cieswp:2002-09

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    References listed on IDEAS

    1. Hausmann, Ricardo & Panizza, Ugo & Stein, Ernesto, 2001. "Why do countries float the way they float?," Journal of Development Economics, Elsevier, vol. 66(2), pages 387-414, December.
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    3. Ramkishen Rajan, 2002. "Safeguarding against Capital Account Crises: Unilateral, Regional and Multilateral Options for East Asia," Centre for International Economic Studies Working Papers 2002-01, University of Adelaide, Centre for International Economic Studies.
    4. Piti Disyatat, 2001. "Currency Crises and Foreign Reserves; A Simple Model," IMF Working Papers 01/18, International Monetary Fund.
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    6. Nadeem Ul Haque & Manmohan S. Kumar & Nelson Mark & Donald J. Mathieson, 1996. "The Economic Content of Indicators of Developing Country Creditworthiness," IMF Staff Papers, Palgrave Macmillan, vol. 43(4), pages 688-724, December.
    7. Ramikishen Rajan, 2002. "Exchange Rate Policy Options for Post-crisis Southeast Asia: Is There a Case for Currency Baskets?," The World Economy, Wiley Blackwell, vol. 25(1), pages 137-163, January.
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    9. Graham Bird & Ramkishen Rajan, 2002. "The Evolving Asian Financial Architecture," Centre for International Economic Studies Working Papers 2002-03, University of Adelaide, Centre for International Economic Studies.
    10. Ramkishen S. Rajan & Chung-Hua Shen, 2002. "Are crisis-induced devaluations contractionary?," Pacific Basin Working Paper Series 2002-06, Federal Reserve Bank of San Francisco.
    11. Christian B. Mulder & Matthieu Bussière, 1999. "External Vulnerability in Emerging Market Economies; How High Liquidity Can Offset Weak Fundamentals and the Effects of Contagion," IMF Working Papers 99/88, International Monetary Fund.
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    Cited by:

    1. Glebe, Thilo W., 2007. "Welfare economics of agricultural trade liberalisation and strategic environmental policy," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 8(2), June.
    2. Kym Anderson, 2016. "Contributions Of The Gatt/Wto To Global Economic Welfare: Empirical Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 30(1), pages 56-92, February.
    3. Toma, Luiza & Mathijs, Erik & Revoredo-Giha, Cesar, 2006. "Linkages between Agriculture, Trade and the Environment in the Context of the European Union Accession," Working Papers 45991, Scottish Agricultural College, Land Economy Research Group.
    4. Touré, Ali A. & Groenewald, Jan & Seck, Papa Abdoulaye & Diagne, Aliou, 2013. "Analysing policy-induced effects on irrigated rice performance," 2013 AAAE Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 160288, African Association of Agricultural Economists (AAAE).
    5. BOUËT Antoine & DHONT-PELTRAULT Estelle, "undated". "An Assessment of the Distributional Impact of Agricultural Trade Policies in the Triad," EcoMod2003 330700022, EcoMod.
    6. Anderson, Kym, 2004. "Setting the Trade Policy Agenda: What Roles for Economists?," Working Papers 14574, International Agricultural Trade Research Consortium.
    7. Maria Cipollina & Luca Salvatici, 2008. "Measuring Protection: Mission Impossible?," Journal of Economic Surveys, Wiley Blackwell, vol. 22(3), pages 577-616, July.
    8. Touré, Ali A. & Groenewald, Jan & Seck, Papa Abdoulaye & Diagne, Aliou, 2013. "Analysing policy-induced effects on the performance of irrigated rice," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 8(1), July.
    9. Wilfrid Legg, 2003. "Presidential Address Agricultural Subsidies: Measurement and Use in Policy Evaluation," Journal of Agricultural Economics, Wiley Blackwell, vol. 54(2), pages 175-201.

    More about this item


    Trade policy distortions; Effective protection; Cost of protection; Empirical modelling of effects of trade policies;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade


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