Bilateral effects of non-tariff measures on international trade: Volume-based panel estimates

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Bilateral effects of non-tariff measures on international trade: Volume-based panel estimates

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Seeking to deepen the understanding about the relationship between non-tariff measures (NTMs) and international trade, this work estimates bilateral volume effects of imposing NTMs on international trade, focusing on two of the most observed measures: technical barriers to trade (TBT) and sanitary and phytosanitary (SPS) measures. Estimates were carried out for more than 5,000 products at the 6-digit level of the Harmonized System using a panel for 2001-2015 with NTM data notified by more than 150 member countries of the World Trade Organization (WTO).

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Abstract .-- Introduction .-- I. Heterogeneous effects of non-tariff measures .-- II. Gravity model specification, econometric issues and data source .-- III. Trade volume effects of NTMs .-- IV. Conclusions.

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