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Numerical General Equilibrium Analysis of China's Impacts from Possible Mega Trade Deals

Li, Chunding - 2014

This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These include the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP), and various blocked deals. We use a numerical 13-country global general...

Persistent link: https://www.econbiz.de/10013048108

Linking External Sector Imbalances and Changing Financial Instability Before the 2008 Financial Crisis

Whalley, John - 2011

supplies over all countries as a group relative to gross world product. This, in turn, is an indication of increasing severity … imbalances relative to GDP than in 2008 for considerable periods of time and with no financial implosion (UK in the pre World War …

Persistent link: https://www.econbiz.de/10013117566

How Large are the Impacts of Carbon Motivated Border Tax Adjustments

Dong, Yan - 2014

This paper discusses the size of impact of carbon motivated border tax adjustments on world trade. We report numerical … increases, and other country's production decreases compared with the case of no BTAs. With the contraction of world trade flows … caused by the financial crisis, carbon motivated BTAs offer a prospect of a compounding effect in a world which is going …

Persistent link: https://www.econbiz.de/10013070430

The 2008 Financial Crisis and the Lack of Retaliatory Trade Intervention

Li, Chunding - 2016

The 2008 financial crisis did not precipitate global retaliatory trade intervention, in seeming contrast to the Great Depression in 1930s. This paper discusses the influence of model structure in optimal tariff (OT) calculations in explaining this puzzle. We emphasize how earlier literature...

Persistent link: https://www.econbiz.de/10013001775

International Trade and the Negotiability of Global Climate Change Agreements

Whalley, John - 2014

Country incentives to participate in cooperative arrangements which either fully or partially internalize climate change externalities from carbon emissions involve critical asymmetries. Small countries trade off own country costs of carbon mitigation actions against their own benefits from...

Persistent link: https://www.econbiz.de/10012750979

Regeneration, Labour Supply and the Welfare Costs of Taxes

Cudmore, Edgar; Whalley, John - 2021

This paper sets out alternatives to the traditional model of labour supply used to analyse the welfare costs of income and/or sales taxes when preferences are defined over goods and leisure and the market wage yields the slope of the budget constraint. The innovation in our work is to assume...

Persistent link: https://www.econbiz.de/10013240335

The Welfare Cost of Distortions in the United States Tax System : A General Equilibrium Approach

Ballard, Charles; Shoven, John B.; Whalley, John - 2022

Using a general equilibrium model of the United States economy,we examine the combined welfare cost of all taxes in the U.S. revenue system.We find that the welfare losses caused by distortionary taxation can be very large, both on average and at the margin.The marginal welfare loss to consumers...

Persistent link: https://www.econbiz.de/10013322140