Examining How Removing Trade Barriers Have Influenced GDP Growth in Emerging Economies
DOI:
https://doi.org/10.61506/Keywords:
trade barriers, GDP growth, emerging economiesAbstract
For each of the 119 countries under consideration, this paper constructs a trade barrier index out of tariff data. In situations where such data was unavailable, total imports corresponding to the structure of the 6-digit HS classification were retrieved from the UNCTAD TRAINS database. Concerning cross-sectional differences of the generated trade barrier indices, econometric tools have been administrated, including bivariate and multivariate and ANOVA estimations. Thus, in light of the current study, it can be inferred that cross-country derived trade barrier indices are not totally different and are a function of differences in per capita income, population, and literacy rate. This article explains the differences between various trade barrier indices by different product classification levels and uses Pakistan as an example. Besides, comparing the rankings of the trade barrier indices between two countries might not, in fact, mean a comparison between trade barrier indices of different industries.
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