Import demand elasticities and trade distortions:
"To study the effects of tariffs on gross domestic product (GDP), one needs import demand elasticities at the tariff line level that are consistent with GDP maximization. These do not exist. Kee, Nicita, and Olarreaga modify Kohli's (1991) GDP function approach to estimate demand elasticit...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C]
World Bank
2004
|
| Series: | Policy research working paper
3452 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "To study the effects of tariffs on gross domestic product (GDP), one needs import demand elasticities at the tariff line level that are consistent with GDP maximization. These do not exist. Kee, Nicita, and Olarreaga modify Kohli's (1991) GDP function approach to estimate demand elasticities for 4,625 imported goods in 117 countries. Following Anderson and Neary (1992, 1994) and Feenstra (1995), they use these estimates to construct theoretically sound trade restrictiveness indices and GDP losses associated with existing tariff structures. Countries are revealed to be 30 percent more restrictive than their simple or import-weighted average tariffs would suggest. Thus, distortion is nontrivial. GDP losses are largest in China, Germany, India, Mexico, and the United States. This paper--a product of the Trade Team, Development Research Group--is part of a larger effort in the group to measure trade restrictiveness"--World Bank web site |
| Item Description: | Includes bibliographical references. - Title from PDF file as viewed on 11/19/2004 Erscheinungsjahr in Vorlageform:[2004] Weitere Ausgabe: Nicita, Alessandro: Import demand elasticities and trade distortions |
| Physical Description: | 1 Online-Ressource (37 Seiten) |
Staff View
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| 520 | 1 | |a "To study the effects of tariffs on gross domestic product (GDP), one needs import demand elasticities at the tariff line level that are consistent with GDP maximization. These do not exist. Kee, Nicita, and Olarreaga modify Kohli's (1991) GDP function approach to estimate demand elasticities for 4,625 imported goods in 117 countries. Following Anderson and Neary (1992, 1994) and Feenstra (1995), they use these estimates to construct theoretically sound trade restrictiveness indices and GDP losses associated with existing tariff structures. Countries are revealed to be 30 percent more restrictive than their simple or import-weighted average tariffs would suggest. Thus, distortion is nontrivial. GDP losses are largest in China, Germany, India, Mexico, and the United States. This paper--a product of the Trade Team, Development Research Group--is part of a larger effort in the group to measure trade restrictiveness"--World Bank web site | |
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| series2 | Policy research working paper |
| spellingShingle | Nicita, Alessandro Kee, Hiau Looi Import demand elasticities and trade distortions |
| title | Import demand elasticities and trade distortions |
| title_auth | Import demand elasticities and trade distortions |
| title_exact_search | Import demand elasticities and trade distortions |
| title_full | Import demand elasticities and trade distortions Alessandro Nicita, Hiau Looi Kee, and Marcelo Olarreaga |
| title_fullStr | Import demand elasticities and trade distortions Alessandro Nicita, Hiau Looi Kee, and Marcelo Olarreaga |
| title_full_unstemmed | Import demand elasticities and trade distortions Alessandro Nicita, Hiau Looi Kee, and Marcelo Olarreaga |
| title_short | Import demand elasticities and trade distortions |
| title_sort | import demand elasticities and trade distortions |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3452 |
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