Import Demand Elasticities and Trade Distortions
To study the effects of tariffs on gross domestic product (GDP), one needs import demand elasticities at the tariff line level that are consistent with GDP maximization. These do not exist. The authors modify Kohli's (1991) GDP function approa...
| Main Authors: | , , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/11/5457717/import-demand-elasticities-trade-distortions http://hdl.handle.net/10986/13899 |
| id |
okr-10986-13899 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-138992021-04-23T14:03:21Z Import Demand Elasticities and Trade Distortions Kee, Hiau Looi Nicita, Alessandro Olarreaga, Marcelo Import demand elasticities GDP function trade restrictiveness deadweight loss To study the effects of tariffs on gross domestic product (GDP), one needs import demand elasticities at the tariff line level that are consistent with GDP maximization. These do not exist. The authors modify Kohli's (1991) GDP function approach to estimate demand elasticities for 4,625 imported goods in 117 countries. Following Anderson and Neary (1992, 1994) and Feenstra (1995), they use these estimates to construct theoretically sound trade restrictiveness indices, and GDP losses associated with existing tariff structures. Countries are revealed to be 30 percent more restrictive than their simple or import-weighted average tariffs would suggest. Thus, distortion is nontrivial. GDP losses are largest in China, Germany, India, Mexico, and the United States. 2013-06-13T15:28:32Z 2013-06-13T15:28:32Z 2004-11 http://documents.worldbank.org/curated/en/2004/11/5457717/import-demand-elasticities-trade-distortions http://hdl.handle.net/10986/13899 English en_US Policy Research Working Paper;No. 3452 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
Import demand elasticities GDP function trade restrictiveness deadweight loss |
| spellingShingle |
Import demand elasticities GDP function trade restrictiveness deadweight loss Kee, Hiau Looi Nicita, Alessandro Olarreaga, Marcelo Import Demand Elasticities and Trade Distortions |
| relation |
Policy Research Working Paper;No. 3452 |
| description |
To study the effects of tariffs on gross
domestic product (GDP), one needs import demand elasticities
at the tariff line level that are consistent with GDP
maximization. These do not exist. The authors modify
Kohli's (1991) GDP function approach to estimate demand
elasticities for 4,625 imported goods in 117 countries.
Following Anderson and Neary (1992, 1994) and Feenstra
(1995), they use these estimates to construct theoretically
sound trade restrictiveness indices, and GDP losses
associated with existing tariff structures. Countries are
revealed to be 30 percent more restrictive than their simple
or import-weighted average tariffs would suggest. Thus,
distortion is nontrivial. GDP losses are largest in China,
Germany, India, Mexico, and the United States. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Kee, Hiau Looi Nicita, Alessandro Olarreaga, Marcelo |
| author_facet |
Kee, Hiau Looi Nicita, Alessandro Olarreaga, Marcelo |
| author_sort |
Kee, Hiau Looi |
| title |
Import Demand Elasticities and Trade Distortions |
| title_short |
Import Demand Elasticities and Trade Distortions |
| title_full |
Import Demand Elasticities and Trade Distortions |
| title_fullStr |
Import Demand Elasticities and Trade Distortions |
| title_full_unstemmed |
Import Demand Elasticities and Trade Distortions |
| title_sort |
import demand elasticities and trade distortions |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/11/5457717/import-demand-elasticities-trade-distortions http://hdl.handle.net/10986/13899 |
| _version_ |
1764430850523398144 |