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A Measurement of Aggregate Trade Restrictions and their Economic Effects

We develop a new Measure of Aggregate Trade Restrictions (MATR) using data from the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is an empirical measure of how restrictive official government policy is towards the international flow of goods and services. MATR is simp...

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Bibliographic Details
Main Author: Estefania-Flores, Julia
Other Authors: Furceri, Davide, Hannan, Swarnali, Ostry, Jonathan
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2022
Series:IMF Working Papers
Subjects:
Economic & Financial Crises & Disasters
Economic Integration
Tariff
Tariffs
International Trade Organizations
Public Finance & Taxation
Taxes
Trade Policy
Economics: General
Informal Sector; Economics
Trade: General
Exports And Imports
International Economics
Economics Of Specific Sectors
Currency Crises
Commercial Policy
International Trade
Exports
Trade Barriers
Macroeconomics
Taxation
Imports
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:We develop a new Measure of Aggregate Trade Restrictions (MATR) using data from the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is an empirical measure of how restrictive official government policy is towards the international flow of goods and services. MATR is simple, ad hoc, plausible, quantitative, easily updated, based solely on policy-relevant measures of trade policy, and covers an unbalanced sample of up to 157 countries annually between 1949 and 2019. MATR is strongly correlated with, but more comprehensive than, existing measures of openness and trade policy existing measures. We use MATR to show that trade restrictions are harmful for the economy and lead to significant contractions in output
Physical Description:65 pages
ISBN:9781616359645

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