Impact of Regulatory Burdens on International Trade |
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| Affiliation: | 1. Graduate School of Asia-Pacific Studies, Waseda University, Sodai-Nishiwaseda Bld. 7F, 1-21-1 Nishiwaseda, Shinjuku-ku, Tokyo 169-0051, Japan;2. School of International Politics, Economics and Communication, Aoyama Gakuin University, 4-4-25 Shibuya, Shibuya-ku, Tokyo 150-8366, Japan;1. Vancouver School of Economics, University of British Columbia, Canada;2. Hitotsubashi Institute for Advanced Study, Hitotsubashi University, Japan;3. Johns Hopkins University, United States and CESIfo, Germany;1. Monfort College of Business, University of Northern Colorado, Campus Box 128, Greeley Colorado 80639, USA;2. Faculty of Business Adminisitration, Tokyo Keizai University, 1-7-34 Minamicho, Kokubunji, Tokyo, Japan;3. Graduate School of Business Administration, Hitotsubashi University, 2-1 Naka Kunitachi Tokyo 186-8601, Japan;1. Faculty of Economics, Fukuyama University, Japan;2. Institute of Developing Economies, Japan;3. Institute of Developing Economies, Faculty of Global and Regional Studies, Toyo University, Japan;4. Institute of Developing Economies, Research Institute of Economy, Trade and Industry, Waseda University, Japan;5. Faculty of Economics, Kagawa University, Japan;1. Gakushuin University and RIETI, Japan;2. Rissho University, Japan;3. Graduate School of Economics, Hitotsubashi University, Japan |
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| Abstract: | In this paper, we develop the additional compliance requirement indicator (ACRI) to quantify the extra regulatory requirements that an exporter may face when serving the foreign country's market. The higher the value of ACRI, the greater the difference between the sets of technical measures in the destination and origin countries. Employing the ACRI, we estimate the impact on trade of regulatory burdens via product-level bilateral gravity equations. We find a significant negative impact of regulatory burdens on bilateral trade for a full sample, but the estimated trade effects vary across sectors and depend on the development levels of the trading countries. |
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