Trade Restrictiveness Index of Non-Tariff Barriers Under the CES Preference

Suwanprasert, Wisarut

doi:10.1080/10168737.2019.1671475

Cited by 2 publications

(2 citation statements)

References 12 publications

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“…The results of this study can be contrasted with that of some studies from existing literature (Table 9). The studies: Kuenzel (2020), Lichtenberg and Olson (2020) and Suwanprasert (2020) are comparable with the study in hand and are in general aligned with it. However, our study is different in number of countries under study, variables under study, methodology used, results and information contributed towards the body of knowledge.…”

Section: Resultssupporting

confidence: 75%

“…A brief representation of literature concerning the variables is herein accounted for. Suwanprasert (2020) asserted that trade restrictiveness index of non-tariff barriers can be achieved weighted average mean of non-tariff barriers and it is further claimed that aggregated of non-tariff barriers can exactly be measured unlike other indexes having persistent measurement errors. Ino and Miyaoka (2020) affirmed that in case of homogenous products, higher domestic welfare is evident than import tariff to maximize profitability of domestic industry; and in case of differentiated products production control mechanism is fluctuated depending upon the variability of the products.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

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Comprehensive Analysis of Tariff Barriers Worldwide: A Composite Assessment Approach

Rashid¹,

Basit²,

Qazi

et al. 2021

JAFEE

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International trade has fundamental importance for all the countries and the analysis concerning international trade particularly concerning tariff barriers is high on the agenda of researchers in the field of economics, business and politics. Aim of the study is to assess the world tariff barriers of 158 countries. Overall design of the study comprises of a crisp literature review, data extraction and analysis. It is a study of one hundred fifty-eight countries that uses secondary data taken from World Development Indicators (WDI) 2020. It uses Grey Relational Analysis (GRA) as research methodology. Results of GRA show that Macao SAR, China, Hong Kong, Singapore, Montenegro, Mauritius, Brunei Darussalam, Myanmar, Chile, Peru and Australia have relatively highest grey relational grades meaning thereby, low tariff trade barriers whereas Grenada, Antigua and Barbuda, Belize, Central African Republic, Nepal, Guinea-Bissau, Fiji, Gabon, Barbados, Djibouti, St. Kitts and Nevis have lowest grey relational grade meaning thereby, these countries have high level of tariff based barriers of international trade. Interestingly, all the member countries of European Union occupy the rank of 27 (i.e. all countries have the same rank) which can be explained in the perspective of their union of tariff. Since, they have uniformed tariff policy as against rest of the world, therefore, have same rank. It is a study based on reliable real time data set. The study has value for all stakeholders i.e. international community, local governments, society at large, policy makers, researchers and international institutions.

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Section: Resultssupporting

confidence: 75%

Section: Theoretical Frameworkmentioning

confidence: 99%

Comprehensive Analysis of Tariff Barriers Worldwide: A Composite Assessment Approach

Rashid¹,

Basit²,

Qazi

et al. 2021

JAFEE

View full text Add to dashboard Cite

show abstract

The role of the most favored nation principle of the GATT/WTO in the New Trade model

Suwanprasert

2020

Rev International Economics

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I study the impact of the most favored nation (MFN) principle of the GATT/WTO on bilateral trade agreements in the New Trade model. The paper offers four main predictions. First, a bilateral trade agreement without external tariff adjustments hurts the outside country, while a bilateral trade agreement under MFN benefits the outside country. Second, the MFN principle may cause a free‐rider problem. Third, a Pareto‐improving bilateral trade agreement under MFN does not exist if initial tariffs and the elasticity of substitution are sufficiently low. This suggests that the MFN principle may prevent bilateral trade agreements in the future when tariffs are already low and that the definition of “like products” in the MFN rule is welfare improving only if it covers only goods that are closely substituted. Fourth, in the future when tariffs are low, multilateral negotiations and preferential trade areas will become more desirable. Using a calibrated 10‐region 33‐industry model, I show that around 30% of bilateral trade agreements that would be agreed upon in the absence of the MFN rule could not be agreed upon if the MFN rule is imposed.

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Trade Restrictiveness Index of Non-Tariff Barriers Under the CES Preference

Cited by 2 publications

References 12 publications

Comprehensive Analysis of Tariff Barriers Worldwide: A Composite Assessment Approach

Comprehensive Analysis of Tariff Barriers Worldwide: A Composite Assessment Approach

The role of the most favored nation principle of the GATT/WTO in the New Trade model

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