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The use of computable general equilibrium (CGE) simulation models for policy analysis has become widespread. However, such techniques are not well suited to economywide analysis in developing countries. Instead, simulation models relying on "borrowed" parameter estimates have been used for a...
Persistent link: https://www.econbiz.de/10012972974
This paper examines how the applied multi-sector computable general equilibrium (CGE) literature has moved into quantication of the impacts of greater market access for services. This includes discussion of multi-sector linkages to the service sector, as well both measuring barriers to trade and...
Persistent link: https://www.econbiz.de/10012975165
The present study uses the GIDD, a CGE-microsimulation model for Global Income Distribution Dynamics, to understand the ex-ante dynamics of global income distribution. Three main robust results emerge. First, under a set of realistic assumptions, there will be a reduction in global income...
Persistent link: https://www.econbiz.de/10012746757
This paper studies a simple, tractable model of labor adjustment in a trade model that allows researchers to analyze the economy's dynamic response to trade liberalization. Since it is a neoclassical market-clearing model, duality techniques can be employed to study the equilibrium and, despite...
Persistent link: https://www.econbiz.de/10012937684
Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data on workers to estimate time-varying individual income...
Persistent link: https://www.econbiz.de/10012747694
Do higher food prices help or hinder poverty reduction? Despite much debate, existing research has almost solely relied … on simulation models to address this question. In this paper World Bank poverty estimates are used to systematically test … the relationship between changes in poverty and exogenous changes in real domestic food prices. The paper uncovers …
Persistent link: https://www.econbiz.de/10012967289
Deepening real and financial integration of developing countries into the world economy has prompted renewed interest in the contribution of external shocks to their macroeconomic fluctuations. This paper revisits the issue using four decades of annual data for a large sample of developing...
Persistent link: https://www.econbiz.de/10012968744
Using tariffs as a measure of openness, the authors find consistent evidence that the conditional effects of tradeliberalization on inequality are correlated with relative factor endowments. Trade liberalization is associated with increases in inequality in countries well-endowed in highly...
Persistent link: https://www.econbiz.de/10012748001
The authors examine the effects of WTO agreements and domestic trade policy reforms on production, welfare, and poverty … macroeconomic effects and microeconomic effects in terms of poverty, the authors use the representative household approach with … scenario has negative implications for the overall macroeconomy, household welfare, and poverty in Bangladesh. Terms of trade …
Persistent link: https://www.econbiz.de/10012748005
Social accounting matrices (SAMs) are the key data input for computable general equilibrium (CGE) models. After a brief introduction to SAMs, this paper presents a method and related computer program for constructing macro SAMs from cross-country databases. The method is demonstrated in an...
Persistent link: https://www.econbiz.de/10012931656