We use the Michigan Model of World Production and Trade to assess the economic effects of the Free Trade Area of the … of the model is that it incorporates some aspects of trade with imperfect competition in the manufacturing and services … restrictive measures and the non-trade aspects of the FTAA are not taken into account due to data constraints. The computational …

We have used the Michigan Model of World Production and Trade to simulate the economic effects on the United States …, Japan, and other major trading countries/regions of the Doha Round of WTO multilateral trade negotiations and a variety of … regional/bilateral free trade agreements (FTAs) involving the United States and Japan. We estimate that an assumed reduction of …

In this paper we discuss the various aspects of the Doha Round of Multilateral Trade Negotiations in the WTO that offer … potential benefits for developing countries. We then use the Michigan Model of World Production and Trade to simulate the … services that may be negotiated in the Doha Round, as well as a variety of regional free trade agreements (FTAs). We estimate …

This paper evaluates the role of sectoral heterogeneity in determining the gains from trade. We first show analytically … total trade volumes as a share of total absorption systematically understates the true gains from trade. Greater relative … gains. Using data on overall and sectoral trade shares in a sample of 79 countries and 19 sectors we show that the multi …

In this paper, we first describe the characteristics of the World Trade Organization (WTO) that are the basis of the … framework of the multilateral trading system. We then provide an overview of concepts of fairness in trade agreements …. Thereafter, we offer a critique of the efficiency criterion in assessing multilateral trade agreements, taking issue with T …