Ethiopia enjoyed remarkable economic growth from 2004/05 to 2008/09, in large part due to increases in foreign transfers and capital inflows combined with expanded domestic credit to fund major increases in private and public investments in infrastructure and housing. However, this rapid growth...

In this paper we used a dynamic, regionalized computable general equilibrium (CGE) model to analyze the effect of various negative balance of payments shocks on output and employment and the effect of different alternative investment strategies on growth. The model shows clearly how sensitive El...

In this paper we develop a dynamic real-financial computable general equilibrium (CGE) model for Honduras that incorporates working capital. The model is designed to be useful as a development tool and to be used by policymakers who deal with short-run macro and trade issues. Our model extends...

While previous research on cash transfer programs has primarily concentrated on micro-economic effects, this paper analyzes general equilibrium effects of social transfer policies using a computable general equilibrium model applied to Cambodia. It identifies the potential impact of these...

After seven years of arduous negotiations under the auspices of the General Agreement on Tariffs and Trade (GATT), the Uruguay Round of multilateral trade negotiations was concluded in late 1993. The United States approved the agreement in late 1994, in time for the 1995 commencement of the new...

CONTENTS: Brief 1. Introduction / Eugenio Díaz-Bonilla and Sherman Robinson Brief 2. The Nature of Disagreements / Ravi Kanbur Brief 3. Growth and Poverty / Manohar Sharma, Sam Morley, and Eugenio Díaz-Bonilla Brief 4. Trade and Food Security / Eugenio Díaz-Bonilla and Marcelle Thomas Brief...

Contents: 1. Overview / Eugenio Diaz-Bonilla and Sherman Robinson 2. Latin American perspective / Eugenio Diaz-Bonilla and Lucio Reca 3. Asian perspective / Marcus Noland 4. African perspective / Natasha Mukherjee and Rebecca Lee Harris 5. Transition Economies' perspective / Ulrike Grote and...

"In this paper, we review the debate on "new regionalism," focusing on the tools used to evaluate regional trade agreements (RTAs). We find that much analysis uses tools from old trade theory in the Viner-Meade tradition, focusing on trade creation, trade diversion, and terms-of-trade effects....

"This paper accomplishes two objectives. First, it provides simulation results from a computable general equilibrium (CGE) model that have helped focus the debate about the potential effects of agricultural trade liberalization on developing countries. The aggregate numbers show modest net...

This study develops an analytical framework to account for sources of rapid economic growth in China. The traditional Solow approach includes only two sources, i.e. increased use of inputs and technical change. We expanded the approach to include a third source of economic growth-structural...