Ad Valorem Equivalents of Non-Tariff Measures in ASEAN  | Subtitle :
Abstract :
To obtain country specific estimates of ad-valorem equivalent (AVE) of Non-Tariff Measures (NTMs), we propose a a new that relies on the estimation of bilateral trade flows on two-way panels (product X importer X exporter) at the HS 2-digit level with importer, exporter and product fixed effects and interaction terms between NTM variables and full vector of country-specific characters. Our results show that AVEs for TBT measures on manufactured products, both for ASEAN countries and the sample as a whole, at 4.5 percent and 5 percent, respectively. As for SPS measures on agriculture and food products, tariff AVEsfor ASEAN countries and the sample as a whole 6.5 percent and 6.7 percent, respectively. However, it should be noted that AVEs can mean very different things depending on whether they have a counterpart in the correction of a market failure. This depends on the technical capabilities of domestic regulatory agencies.
Registration No : B2679
Author :
Lili Yan Ing and Olivier Cadot
Edition :
Impresum : Jakarta: ASEAN Secretariat, 2017
Description :
Language : English
ISBN
Classification:
1. 200 - ECONOMIC COMMUNITY / 210.2 - TRADE AND FACILITATION - Tariffs
Keyword :
1 AVEs
2 NTMs
3 RCEP
Availability :
Hard copies 2 of 2
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