By United Nations Conference on Trade and Development (UNCTAD)
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Extra info for Developing Countries in International Trade 2007: Trade and Development Index
X Trade-weighted average tariě applied on exports in partner countries(%) Weighted mean tariě: Average of eěectively applied rates by trading partners weighted by the total imports of trading partner countries. UNCTAD, TRAINS database.
This procedure uses maximum and minimum values of each indicator as reference values. Changes across periods in such indicators would otherwise make comparison of TDI scores somewhat hazardous. As one objective of TDI is to monitor the evolution the TDI and components of each country in the sample, the reference values were ﬁxed. Some were ﬁxed using reasonable values. For instance, in the case where shares are considered reasonable values, the minimum value is taken to be zero and the maximum 100 per cent.
For institutional quality, the Republic of Korea scores highly, while the scores of China, India and the Russian Federation lag; a similar paĴern can be seen for economic structure, reﬂecting the continuing importance for the laĴer countries’ agricultural sectors. China and India outperformed other E7 countries for macroeconomic stability, but for environmental sustainability, their scores are the lowest. The scores for openness to trade point to the extent to which the Republic of Korea and China have opened up their economies, while that for India and its score for market access are consistent with the still-cautious openness of its economy.