NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Mercantilist Index of Trade Policy

James E. Anderson, J. Peter Neary

NBER Working Paper No. 6870
Issued in January 1999
NBER Program(s):ITI

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.

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Document Object Identifier (DOI): 10.3386/w6870

Published: Anderson, James E. and J. Peter Neary. "The Mercantilist Index Of Trade Policy," International Economic Review, 2003, v44(2,May), 627-649. citation courtesy of

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