Import Demand Elasticities and Trade Distortions

• Tác giả: Hiau Looi Kee
• Ngôn ngữ: eng
• Ký hiệu phân loại: 351.82 Public administration
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 295145
• Chủ đề: 1. Country and Industry Studies of Trade F140; 2. International Linkages to Development; 3. International Trade Organizations F130; 4. Model Construction and Estimation C510; 5. Trade Policy

Tóm tắt

This paper provides a systematic estimation of import demand elasticities for a broad group of countries at a very disaggregated level of product detail. We use a semiflexible translog GDP function approach to formally derive import demands and their elasticities, which are estimated with data on prices and endowments. Within a theoretically consistent framework, we use the estimated elasticities to construct Feenstra's (1995) simplification of Anderson and Neary's trade restrictiveness index (TRI). The difference between TRIs and import-weighted tariffs is shown to depend on the tariff variance and the covariance between tariffs and import demand elasticities.