Gain without Pain? Non-Tariff Measures, Plants' Productivity and Markups

• Tác giả: Massimiliano Cali
• Ngôn ngữ: eng
• Ký hiệu phân loại: 337.2 International economics
• Thông tin xuất bản: World Bank, Washington, DC, 2021
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 310355
• Chủ đề: 1. GAINS FROM TRADE; 2. NON-TARIFF MEASURES; 3. TARIFFS; 4. TRADE LIBERALIZATION; 5. TRADE REFORM

Tóm tắt

This paper studies how productivity and markups respond to non-tariff measures. The analysis uses a novel time-varying data set on all non-tariff measures applied to imported products by Indonesia. Price and quantity information is used to disentangle the impact of non-tariff measures on plants' technical efficiency and markups. The findings show that on average, non-tariff measures generate fewer distortions than import tariffs do. However, while specific non-tariff measures increase the quality of the products on which they are applied, others act as barriers to trade similar to import tariffs. These results suggest that to gauge their impacts and guide policy making, non-tariff measures should not be bundled together in empirical analyses.