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Measuring the Restrictiveness of International Trade Policy
Author: James E. Anderson

ISBN: 9780262012201
Format: Hardcover
Number Of Pages: 352
Published: 16 November 2005
Country of Publication: US
Dimensions (cm): 22.9 x 15.2 x 2.5
Description:


A country's stance on international trade is an important component of its economic welfare. Yet relatively little theoretical attention has been paid to developing accurate methods to assess trade policies, leaving practitioners and policy makers with ad hoc solutions that lack theoretical foundation. In this book, James Anderson and Peter Neary present a new approach to gauging trade restrictiveness. Extending the standard theory of index numbers that apply to prices, output, or productivity, Anderson and Neary develop index numbers that apply directly to policy variables. Their theoretical work builds on, and extends, the standard theory of policy reform in open economics; their empirical findings illustrate how the new indexes can be applied and show the resulting difference in the assessment of trade restrictiveness. Thus their book will be of interest to both theorists and practitioners.After giving a nontechnical introduction to the topic, ...

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