What Next for Ricardo? Incorporating More Trade Distortions

Based on a dataset of over 11,000 government announcements and measures implemented, it is shown that trade distortions faced by exporters from G-20 nations have grown markedly since November 2008. In terms of trade coverage, the largest trade distortions are export incentives. Research findings concerning the impact of these export incentives estimated using modern versions of the Ricardian model are discussed.