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© 1994 International Bank for Reconstruction and Development / The World Bank

research-article

Measuring the Restrictiveness of Trade Policy

James E. Anderson and J. Peter Neary

James E. Anderson is with the Department of Economics at Boston College, and J. Peter Neary is with the Department of Economics at University College Dublin, the London School of Economics, and the Centre for Economic Policy Research, London. This article reports on research that was supported by the World Bank and it was written while the second author was visiting the University of Ulster at Jordanstown. Comments from Will Martin and three anonymous referees are gratefully acknowledged.

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.


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