
doi: 10.1093/wber/8.2.151
handle: 10197/1711
This article provides an introduction to the trade restrictiveness index (TRI), which equals the uniform tariff that is welfare equivalent to a given pattern of trade protection. Unlike standard measures of trade restrictiveness, the TRI has a solid theoretical basis, can incorporate both tariffs and quantitative restrictions, and can be adapted to construct the trade policy equivalent of domestic distortions. The article compares a number of applications and describes procedures for operationalizing the TRI on a personal computer. The authors conclude that the TRI has considerable potential in empirical work.
ommercial policy--Mathematical models; Tariff preferences--Mathematical models; International trade--Mathematical models, Economics, International trade--Mathematical models, Tariff preferences--Mathematical models, ommercial policy--Mathematical models
ommercial policy--Mathematical models; Tariff preferences--Mathematical models; International trade--Mathematical models, Economics, International trade--Mathematical models, Tariff preferences--Mathematical models, ommercial policy--Mathematical models
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