Lloyd, Peter; MacLaren, Donald - In: Review of International Economics 18 (2010) 5, pp. 1044-1057
New partial-equilibrium forms of the Trade Restrictiveness Index and the Mercantilist Trade Restrictiveness Index have recently been used by the World Bank and others. In this paper we examine the bias in the partial-equilibrium forms due to the neglect of general-equilibrium effects. We propose...