Irwin, Douglas A. - In: American Economic Journal: Economic Policy 2 (2010) 3, pp. 111-33
This paper calculates a trade restrictiveness index, i.e., the uniform tariff that yields the same welfare loss as an existing tariff structure, for nearly a century of US data. The results show that the average tariff understates the TRI by about 75 percent. The static deadweight loss from US...