Estimating Ad Valorem Equivalents of Non‑Tariff Measures: Combining Price-Based and Quantity-Based Approaches
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A novel econometric method is used to estimate trade effects of non-tariff measures (NTMs) for roughly 5 000 traded goods and 80 countries. It explicitly distinguishes several types of measures and ascertains their distinct effects on trade volumes and prices. The latter feature allows disentangling trade-cost effects associated with non-tariff...
