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Niu, Zhaohui, Milner, Chris, Gunessee, Saileshsingh and Liu, Chang (2020) Are nontariff measures and tariffs substitutes? Some panel data evidence. Review of International Economics, 28 (2). pp. 408-428. ISSN 0965-7576

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Abstract

Using new estimates of ad valorem equivalent of nontariff measures (NTMs) over time, this paper examines NTMs and tariffs’ relationship for a sample of 70 economies for 4,949 products at the 6‐digit harmonized system level over the period 2003–2015. A panel data methodology models the lagged adjustment of NTMs to tariffs, consistent with a causal relationship. Trade policy substitution is found when the models are estimated in both levels and changes; with this holding for both OECD and non‐OECD countries, but not for the agriculture sector in OECD countries. Overall, there is a fairly complete substitution between policy instruments in absolute terms.

Item Type:	Article
Keywords:	Non-tariff measures； tariffs； substitutes； complements； trade policy
Schools/Departments:	University of Nottingham Ningbo China > Faculty of Business > Nottingham University Business School China University of Nottingham Ningbo China > Faculty of Humanities and Social Sciences > School of Economics
Identification Number:	https://doi.org/10.1111/roie.12457
Depositing User:	Yu, Tiffany
Date Deposited:	11 Sep 2020 07:20
Last Modified:	11 Sep 2020 07:21
URI:	https://eprints.nottingham.ac.uk/id/eprint/61866

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