"In 1980, the EEC aluminium industry produced over 2 million tonnes of primary aluminium and over 1 million tonnes of secondary aluminium. Energy consumption was 11 million toe per year and energy savings of 1 million toe were obtained between 1976 and 1979 by improvement in specific energy use....

We discuss how standard computable equilibrium models of trade policy can be enriched with selection effects without missing other important channels of adjustment. This is achieved by estimating and simulating a partial equilibrium model that accounts for a number of real world effects of trade...