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Our most academic publication offers research and surveys on monetary policy, national and international developments, banking, and more. The content is written for an economically informed readership—from the undergraduate student to the PhD.


Vol. 92, No. 5 (Posted 2010-09-01)

Measuring International Trade Policy: A Primer on Trade Restrictiveness Indices

by Cletus C. Coughlin

Measuring the overall restrictiveness of a country’s international trade policies is important and, in fact, essential for estimating the effects of trade policies and for negotiations to reduce trade barriers. A good measure is also difficult to produce: Trade restrictiveness indices are constructed by combining the actual structure of trade restrictions, which is generally quite different across goods, into a single number.

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