Trade Policy Uncertainty and the WTO
Published By: World Trade Organisation | Published Date: December, 19 , 2014This paper discusses the impact of WTO commitments on changes in MFN applied tariffs, isolating pure trade policy changes from any other change in the level of protection due to market conditions by focusing on ad valorem tariffs. We measure trade policy uncertainty as the probability of a tariff increase to account for the fact that it is only the prospect of a bad shock that affects an exporter’s decision of whether to enter a certain market.
Author(s): Valeria Groppo, Roberta Piermartini | Posted on: Jan 22, 2015 | Views(483) | Download (598)