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Commercial Policy Variability, Bindings and Market Access

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  • Francois, Joseph
  • Martin, Will

Abstract

Protection unconstrained by rules often varies substantially over time. Rules-based disciplines, such as WTO tariff bindings and bindings on market access in services, constrain this variability. We examine the theoretical effects of such constraints on the expected cost of protection and offer a formalization of the concept of ‘market access’, emphasizing both the first and second moments of the distribution of protection. As an illustration, we provide a stylized examination of Uruguay Round bindings on wheat.

Suggested Citation

  • Francois, Joseph & Martin, Will, 2002. "Commercial Policy Variability, Bindings and Market Access," CEPR Discussion Papers 3294, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:3294
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    References listed on IDEAS

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    More about this item

    Keywords

    commercial policy uncertainty; expected costs of protection; market access; WTO tariff bindings;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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