Empirical Studies of Trade Policy

Abstract

It is convenient to divide the empirical studies of trade policy into three groups. First, there is work directed towards measurement, covering such problems as obtaining accurate estimates of nominal tariffs, calculating effective tariffs and domestic resource costs (discussed in Chapter 14), and estimating the tariff-equivalents of quotas. Second, there are attempts to estimate the costs and benefits associated with the imposition (or removal) of barriers to trade, which will be the subject matter of this chapter. Finally, there are studies which attempt to explain the pattern of protection, which were considered in Chapter 15.