The index ranges from 0-10 where 0 corresponds to increasing tax rate on international trade'',slow import or export process'', small trade sectors relative to the population and geographic size'',exchange rate controls are present and a black-market exists'', and restrictions on the freedom of citizens to engage in capital market exchange with foreigners'' and 10 corresponds tono specific taxes on international trade'', swift import or export process'',large trade sectors relative to the population and geographic size'', no black-market exchange rate'', andno restrictions on the freedom of citizens to engage in capital market exchange with foreigners''. The index consists of the following indicators: Taxes on international trade, Regulatory trade barriers, Actual size of trade sector compared to expected size, Difference between official exchange rate and black market rate, and International capital market controls.
Type of variable: Continuous
Downloaded by QoG on: 2023-11-21 Last updated by source: 2023-09-19