Commercial Policy Variability, Bindings and Market Access
25 Pages Posted: 2 May 2002
There are 2 versions of this paper
Commercial Policy Variability, Bindings and Market Access
Date Written: April 2002
Abstract
Protection unconstrained by rules often varies substantially over time. Rules-based disciplines, such as WTO tariff bindings and bindings on market access in services, constrain this variability. We examine the theoretical effects of such constraints on the expected cost of protection and offer a formalization of the concept of 'market access', emphasizing both the first and second moments of the distribution of protection. As an illustration, we provide a stylized examination of Uruguay Round bindings on wheat.
Keywords: Expected costs of protection, commercial policy uncertainty, market access, WTO tariff bindings
JEL Classification: F10, F13, F17
Suggested Citation: Suggested Citation
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