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Applied general and partial equilibrium models are widely used tools for ex ante analysis of trade policy changes. However, simulation results seem to exhibit significant variation across publications, and the often criticised 'black box' character of applied trade models makes meaningful...
Persistent link: https://www.econbiz.de/10003525570
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We perform a meta-analysis of 110 studies that report simulated global welfare gains from trade liberalization under the WTO Doha Development Agenda (DDA) to test for hidden, author-specific model specification effects. We find that after controlling for other factors that influence simulation...
Persistent link: https://www.econbiz.de/10014158773
Economists use partial and general equilibrium trade simulation models to estimate the impact of changes in domestic policies and international trade rules. During the WTO Doha Development Agenda (DDA) negotiations economists have produced many different estimates of the gains that would result...
Persistent link: https://www.econbiz.de/10003935225