Search Results - economics

The Division and Size of Gains from Liberalization of Service Networks

Bhattarai, Keshab; Whalley, John - 2022

This paper emphasizes the different nature of cross border liberalization in network related services, such as telecoms, compared to liberalization in goods. In the presence of network externalities, it argues that if two disjoint country service networks involving a small and large country are...

Persistent link: https://econbiz.de/10013322328

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The Division and Size of Gains from Liberalization of Service Networks

Bhattarai, Keshab - 1998

Book / Working Paper

Evaluating Labour Adjustment Costs from Trade Shocks : Illustrations for the U.S. Economy Using an Applied General Equilibrium Model with Transactions

Clarete, Ramon L.; Trela, Irene; Whalley, John - 2021

This paper presents a general equilibrium approach to calculating labour adjustment costs induced by trade policy changes or external sector shocks, which we illustrate by analyzing the adjustment consequences of eliminating quotas and tariffs on U.S. imports. In our approach, factor adjustments...

Persistent link: https://econbiz.de/10013245717

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Evaluating Labour Adjustment Costs from Trade Shocks : Illustrations for the U.S. Economy Using an Applied General Equilibrium Model With Transactions

Clarete, Ramon L. - 1994

Book / Working Paper

Vat Base Broadening, Self Supply, and the Informal Sector

Piggott, John; Whalley, John - 2021

We develop a general equilibrium tax model to evaluate the impacts of equal yield base broadening in indirect taxes from high rate narrow based (typically manufactures) taxes to broad based taxes (including services) such as a VAT. We capture differences in choice of mode of supply between...

Persistent link: https://econbiz.de/10013229063

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VAT Base Broadening, Self Supply, and The Informal Sector

Piggott, John - 1998

Book / Working Paper

How Reasonable are Assumptions Used in Theoretical Models? : Computational Evidence on the Likelihood of Trade Pattern Changes

Abrego, Lisandro E.; Riezman, Raymond Glenn; Whalley, John - 2021

This paper seeks to contribute to discussion of the reasonableness of sometimes seemingly innocent assumptions used in theoretical trade models that the direction of trade is both predetermined for each good for each country and fixed. Here, we provide computational evidence as to the...

Persistent link: https://econbiz.de/10013230969

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How Reasonable Are Assumptions Used in Theoretical Models? : Computational Evidence on the Likelihood of Trade Pattern Changes

Abrego, Lisandro - 2001

Book / Working Paper

Short and Long Run Decompositions of OECD Wage Inequality Changes

Whalley, John; Edwards, Terence Huw - 2021

This paper focuses on the causes of increased wage inequality in OECD countries in recent years and its decomposition into the component factors of trade surges in low wage products and technological change that has preoccupied the trade and wages literature. It argues that the length of...

Persistent link: https://econbiz.de/10013231408

A Trade Model with an Optimal Exchange Rate Motivated by Current Discussion of a Chinese Renminbi Float

Huang, Hui; Yiming, Wang; Wang, Yi; Whalley, John; … - 2021

We combine a model of combined inter-spatial and inter-temporal trade between countries - recently used by Huang, Whalley and Zhang (2004) to analyze the merits of trade liberalization in services when goods trade is restricted - with a model of foreign exchange rationing due to Clarete and...

Persistent link: https://econbiz.de/10013318500

Trade Liberalization in a Joint Spatial Inter-Temporal Trade Model

Huang, Hui; Whalley, John; Zhang, Shunming - 2021

This paper considers liberalization of trade in both inter-temporal intermediation services and goods in a joint spatial-intertemporal trade model. Joint multi-commodity spatial intertemporal models are not (to our knowledge) used in the trade literature as general comparative statics results...

Persistent link: https://econbiz.de/10013318546

Rationality, Irrationality and Economic Cognition

Whalley, John - 2021

This paper contrasts the modern use of the assumption that rationality guides individual economic behaviour, as reflected in simple models of utility and profit maximization, to literature between 1890 and 1930 which sharply challenged the use of such an assumption, as well as to later...

Persistent link: https://econbiz.de/10013318577

Demand Side Considerations and the Trade and Wages Debate

Abrego, Lisandro E.; Whalley, John - 2021

Recent trade and wages literature focuses on whether trade or technology has been the major source of increases in wage inequality in OECD countries since the 1980s. In this literature, no attention has been paid to demand side considerations. Using a simple heterogeneous goods trade model of...

Persistent link: https://econbiz.de/10013222900

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Demand Side Considerations and the Trade and Wages Debate

Abrego, Lisandro - 2000

Book / Working Paper

The 2008 financial crisis and the lack of retaliatory trade intervention

Li, Chunding; Whalley, John; He, Chuantian; Lin, Chuangwei - 2021

Persistent link: https://econbiz.de/10012499947