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This paper investigates the consequences of the completion of the internal market in the EC using a computable general equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade barriers and the changes in production and trade...
Persistent link: https://www.econbiz.de/10005504484
East Asia has rapidly become the third centre of gravity for global economic activity. North America is relatively well … integrated with East Asia, but Europe is not. This paper explores the extent to which economic growth and trade policy … Uruguay Round implementation highlight the fact that as East Asia’s relative importance in the world economy keeps growing, so …
Persistent link: https://www.econbiz.de/10005123497
This paper examines whether, in the presence of trade preferences, Sub-Saharan African economies, and especially its poorest households, could gain from multilateral trade reform. The World Bank’s LINKAGE model of the global economy is employed to examine the impact first of current trade...
Persistent link: https://www.econbiz.de/10005792269
This paper provides new estimates of the global gains from multilateral trade reform and their distribution among developing countries in the presence of trade preferences. Particular attention is given to agriculture, as farmers constitute the poorest households in developing countries but the...
Persistent link: https://www.econbiz.de/10005114393
In this paper production, trade and welfare effects of European integration are discussed, with particular emphasis on the effects for the EC and EFTA. Insight from previous partial and general equilibrium analyses of the internal market are reviewed, and new model simulations are presented. In...
Persistent link: https://www.econbiz.de/10005791472
This Paper is concerned with the interaction of regulated efficiency and World Trade Organization (WTO) accession and its impact on China’s motor vehicle sector. The analysis is conducted using a 23-sector/25-region computable general equilibrium model. Regulatory reform and internal...
Persistent link: https://www.econbiz.de/10005504321
Most-favoured-nation (MFN) trade liberalizations will always improve global economic welfare provided globally optimal environmental, and other, policies are in place. But since the latter proviso is not met in practice, empirical studies of the environmental and resource depletion effects of...
Persistent link: https://www.econbiz.de/10005666805
In this paper we use detailed trade and production data and a theoretically consistent model of demand - the Almost Ideal Demand System - to estimate bilateral trade elasticities, the key parameters required for quantification of the effects of the `1992' programme. Initial results for 70 West...
Persistent link: https://www.econbiz.de/10005123957
This paper reviews estimates of the effects of `1992' on international trade and welfare, and the policy implications of those estimates. It surveys earlier research starting with the Cecchini Report of 1988 and then summarizes some new results based on general equilibrium modelling with...
Persistent link: https://www.econbiz.de/10005136688
We examine the qualitative and quantitative predictions of a heterogeneous firm model à la Melitz (2003) in the context of the Canada - US Free Trade Agreement (CUSFTA) of 1989. We calibrate our model to the pre-trade liberalization stage, simulate the trade liberalization, and compute the...
Persistent link: https://www.econbiz.de/10008468508