Non-tariff and overall protection: evidence across countries and over time
This paper analyzes the evolution of the incidence and intensity of non-tariff measures (NTMs). It extends earlier work by measuring protection from NTMs over time from a newly available database and provides evidence on the evolution of NTMs. In particular, building on Kee et al. (Econ J 119(534):...
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| Veröffentlicht in: | Review of world economics 2018-11, Vol.154 (4), p.675-703 |
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| creator | Niu, Zhaohui Liu, Chang Gunessee, Saileshsingh Milner, Chris |
| description | This paper analyzes the evolution of the incidence and intensity of non-tariff measures (NTMs). It extends earlier work by measuring protection from NTMs over time from a newly available database and provides evidence on the evolution of NTMs. In particular, building on Kee et al. (Econ J 119(534): 172-199, 2009), this paper estimates the ad valorem equivalents of NTMs for 97 countries at the product level over the period 1997-2015. We show that the incidence and the intensity of NTMs were both increasing over this period, with NTMs becoming an even more dominant source of trade protection. We are also able to investigate the evolution of overall protection derived jointly from tariffs and NTMs. The results show that the overall protection level, for most countries and products, has not decreased despite the fall in tariffs associated with multilateral, regional and bilateral trade agreements in recent decades. We also document an increase in overall trade protection during the recent 2008 financial crisis. Overall, this study sheds light on an underresearched aspect of trade liberalization: the proliferation and increase of NTMs. |
| doi_str_mv | 10.1007/s10290-018-0317-5 |
| format | Article |
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It extends earlier work by measuring protection from NTMs over time from a newly available database and provides evidence on the evolution of NTMs. In particular, building on Kee et al. (Econ J 119(534): 172-199, 2009), this paper estimates the ad valorem equivalents of NTMs for 97 countries at the product level over the period 1997-2015. We show that the incidence and the intensity of NTMs were both increasing over this period, with NTMs becoming an even more dominant source of trade protection. We are also able to investigate the evolution of overall protection derived jointly from tariffs and NTMs. The results show that the overall protection level, for most countries and products, has not decreased despite the fall in tariffs associated with multilateral, regional and bilateral trade agreements in recent decades. We also document an increase in overall trade protection during the recent 2008 financial crisis. 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| subjects | Economic crisis Economic models Economic Policy Economic theory Economics Economics and Finance European Integration Free trade Global economy International Economics International trade Macroeconomics/Monetary Economics//Financial Economics Multilateralism Original Paper Tariffs Trade agreements Trade barriers Trade liberalization |
| title | Non-tariff and overall protection: evidence across countries and over time |
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