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Import-reducing effect of trade barriers : a cross-country investigation

Author: Qing Wang; International Monetary Fund. Policy Development and Review Department.
Publisher: [Washington, D.C.] : International Monetary Fund, ©2001.
Series: IMF working paper, WP/01/216.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
A comprehensive empirical investigation is carried out to ascertain the import-reducing effect of trade protection barriers. We first present a statistical summary of the status of global trade protection. Then, based on a monopolistic competition trade model and 1994 cross-country data on trade barriers, trade flows, and production, we estimate the import-reducing effect of trade barriers including both tariffs and  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Wang, Qing.
Import-reducing effect of trade barriers.
[Washington, D.C.] : International Monetary Fund, ©2001
(OCoLC)48911963
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Qing Wang; International Monetary Fund. Policy Development and Review Department.
ISBN: 1283565285 9781283565288 9781451919684 1451919689
OCLC Number: 903634691
Notes: Cover title.
"December 2001"--Page [1].
At head of title: Policy Development and Review Department.
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2011. MiAaHDL
Description: 1 online resource (53 pages)
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/01/216.
Responsibility: Qing Wang.

Abstract:

A comprehensive empirical investigation is carried out to ascertain the import-reducing effect of trade protection barriers. We first present a statistical summary of the status of global trade protection. Then, based on a monopolistic competition trade model and 1994 cross-country data on trade barriers, trade flows, and production, we estimate the import-reducing effect of trade barriers including both tariffs and non-tariff barriers (NTBs). We use the disaggregated cross-country, cross-industry data on manufactured goods and, unlike previous studies, our sample covers a broad range of countries-more than 70 in total-including countries from the most developed ones like those in the Group of Seven to the least developed one, Bangladesh. We specify an empirical model that captures the stylized facts well and helps generate sensible estimates. Our econometric framework is designed to control for the simultaneous determination of trade flows, trade barriers, and production. We find that both tariff and NTBs are quite significant in restricting imports.

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