Indicators Of Market Openness

Indicators of market openness in Global Commerce Policy

In this regard, indicators of market openness is: conceptual frameworks for the measurement of the extent to which markets can be contested by new entrants, particularly those located in other countries. There are three basic approaches to constructing such indicators. The first assesses levels of tariff barriers, non-tariff barriers and tariff equivalents. The second looks at the results of liberalizing policy changes through examining their effect on trade flows, extent and growth of intra-industry trade, etc. This is done through modelling work. The third approach is aimed at the interaction between barriers and the competitive process in a given market. The entries on trade policy are here. In other words, it looks at the structural openness of markets to competition. There is considerable agreement on the most appropriate methods for the first two approaches, but they can differ rather more for the third class of indicators. See also international contestability of markets and trade and competition.[1]

Indicators of market opennessin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Indicators of market openness” entry (OAS)

See Also