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A new approach to evaluating trade reform
Anderson, James E.; Neary, J. Peter
Dual methods are awkward to use for quota reform analysis. This paper develops a distance function concept (Deaton (1979)) relevant to trade distortions: the Distorted Trade Distance Function. It has the great advantage of being a minimum value function, permitting the use of standard techniques for easy achievement of general positive and normative results in the evaluation of trade reform. Quotas are the predominant means of protection in developed countries and distance function methods are the natural method for their analysis. We also define an operational general equilibrium distance measure, the coefficient of trade utilization. A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Keyword(s): Commercial policy--Mathematical models; Trade regulation
Publication Date:
2009
Type: Working paper
Peer-Reviewed: Unknown
Language(s): English
Institution: University College Dublin
Publisher(s): University College Dublin. School of Economics
File Format(s): other; application/pdf
First Indexed: 2012-08-25 05:22:21 Last Updated: 2018-10-11 15:43:53