The mercantilist index of trade policy:

This paper develops and characterizes an index of trade policy restrictiveness defined as the uniform tariff equivalent which maintains the same volume of trade as a given set of tariffs, quota, and domestic taxes and subsidies. We relate this volume-equivalent index to the Trade Restrictiveness Ind...

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Bibliographic Details
Main Authors: Anderson, James E. 1943- (Author), Neary, J. Peter 1950- (Author)
Format: Book
Language:English
Published: Cambridge, Mass. National Bureau of Economic Research 1999
Series:NBER working paper series 6870
Subjects:
Online Access:Volltext
Summary:This paper develops and characterizes an index of trade policy restrictiveness defined as the uniform tariff equivalent which maintains the same volume of trade as a given set of tariffs, quota, and domestic taxes and subsidies. We relate this volume-equivalent index to the Trade Restrictiveness Index welfare-equivalent measure changes in the generalised mean and variance of the tariff schedule. Applications to international cross-section and time-series comparisons of trade policy show that the new index frequently gives a very different picture than do standard indexes.
Physical Description:29 S. graph. Darst.

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