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Trade Policy Versus Trade Facilitation: An Application Using 'Good Old' OLSLaura Marquez-Ramosaffiliation not provided to SSRN Inmaculada Martinez-ZarzosoJaume I University - Department of Economics; University of Goettingen (Gottingen) - Ibero American Institute for Economic Research; University of Goettingen (Gottingen) - School of Law, Economics, Social Sciences Celestino Suárez-Burguetaffiliation not provided to SSRN 2011 Economics Discussion Paper No. 2011-38 Abstract: Trade policy barriers are only one element of overall trade costs. Among these, and due to the decrease in the influence of tariff barriers on trade over time, institutional barriers might increase in relative importance and become a key obstacle to the movements of goods across countries. This paper quantifies and compares the impact that a number of trade facilitation and trade policy barriers have on bilateral trade flows. A theoretically justified gravity model of trade is estimated by using the methodology proposed in Baier and Bergstrand (2009) for a cross-section of countries in the year 2000. Results indicate that institutional trade barriers have a greater impact on trade flows than tariff barriers. According to these findings, trade policy negotiation efforts should focus on facilitating trade processes and should be at the forefront of multilateral negotiations.
Number of Pages in PDF File: 34 Keywords: Tariff barriers, trade facilitation, sectoral trade JEL Classification: F14 working papers seriesDate posted: December 17, 2011Suggested CitationContact Information
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