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To analyze the effects of prospective policy changes, sectoral and economy-wide modelers need to begin with baseline … economy theory, a set of political econometric equations and knowledge of current World Trade Organization (WTO)-bound tariffs …
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obtained from sector or economy-wide models using price elasticity estimates, but the results can be contentious if there is no …
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since 1984 compared with how much still remains, according to the results of a global economy wide model …
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(Version 6.05) and the LINKAGE model of the global economy are used to examine the impact first of current merchandise trade …
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When prices spike in international grain markets, national governments often reduce the extent to which that spike affects their domestic food markets. Those actions exacerbate the price spike and international welfare transfer associated with the terms of trade change. Several recent analyses...
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