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Discussion Paper Details

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Title: Commercial Policy Variability, Bindings and Market Access

Author(s): Joseph Francois and Will Martin

Publication Date: April 2002

Keyword(s): commercial policy uncertainty, expected costs of protection, market access and WTO tariff bindings

Programme Area(s): International Trade and Regional Economics

Abstract: Protection unconstrained by rules often varies substantially over time. Rules-based disciplines, such as WTO tariff bindings and bindings on market access in services, constrain this variability. We examine the theoretical effects of such constraints on the expected cost of protection and offer a formalization of the concept of ?market access?, emphasizing both the first and second moments of the distribution of protection. As an illustration, we provide a stylized examination of Uruguay Round bindings on wheat.

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Bibliographic Reference

Francois, J and Martin, W. 2002. 'Commercial Policy Variability, Bindings and Market Access'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3294