An Estimated Trade Restrictiveness Index of the Level of Protection in Australian Manufacturing

10 Pages Posted: 17 Sep 2008

See all articles by Peter Lloyd

Peter Lloyd

University of Melbourne - Department of Economics

Donald MacLaren

University of Melbourne - Department of Economics

Date Written: 2008-05

Abstract

In this paper we provide a new 31-year time series of the level of protection in the Australian manufacturing sector. The index used is an estimate of the partial equilibrium form of the Trade Restrictiveness Index recently developed by the World Bank. This is the theoretically correct welfare based average of levels of nominal protection. The paper outlines the index and its properties. Some comments are made on the insights gained from the new series and on the record of the Labor and coalition governments in making reforms to industry assistance.

Suggested Citation

Lloyd, Peter John and MacLaren, Donald, An Estimated Trade Restrictiveness Index of the Level of Protection in Australian Manufacturing (2008-05). Australian Economic Review, Vol. 41, Issue 3, pp. 250-259, September 2008. Available at SSRN: https://ssrn.com/abstract=1269685 or http://dx.doi.org/10.1111/j.1467-8462.2008.00507.x

Peter John Lloyd

University of Melbourne - Department of Economics ( email )

Melbourne, 3010
Australia

HOME PAGE: http://melbecon.unimelb.edu.au/staffprofile/plloyd/home.html

Donald MacLaren

University of Melbourne - Department of Economics ( email )

Victoria 3010, 3010
Australia
(61) 3 8344-5035 (Phone)
(61) 3 8344-6899 (Fax)

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