Rodriguez-Clare (2014), we estimate the welfare effects of the AfCFTA for 45 countries in Africa. Three different model … import tariffs and partial but substantial reduction in non-tariff barriers (NTBs). Results reveal significant potential … welfare gains from trade liberalization in Africa. As intra-regional import tariffs in the continent are already low, the bulk …

exporting channel will overstate the welfare gains associated with trade liberalization by a factor of two …

market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the … relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the … relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if …

-based full deposit insurance yield the same equilibrium risk level, which is independent of entry costs. The welfare implications …

, will have negative effects on welfare. This paper studies the welfare effects of varying levels of transparency in a model … public information never leads to a reduction of welfare in this framework. We find that the beneficial effects of decreased … detrimental welfare effects in this model …

developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff …

on economic growth. However, we find sizable welfare gains, 1 to 28 percent of permanent consumption though, consistent …

reduces domestic welfare in the short run because the temporary gains from higher productivity do not compensate domestic … increase, while foreign residents suffer short-run welfare losses but benefit from welfare gains in the long run. This analysis …

increasing production."" In this paper we evaluate this claim using an extended version of Lucas'' (1987) welfare …-evaluation framework. Surprisingly, we find that the welfare costs of inequality outweigh the benefits of growth in most cases. These …

welfare within an overlapping generations model. More precise information about idiosyncratic production shocks has ambiguous … effects on technological progress and welfare, which depend critically on the risk sharing capacity of the economy … equilibrium risk allocation and creates a negative uncertainty-related welfare effect, at the same time as it accelerates …