Fan, Haichao; Lai, Edwin L.-C.; Qi, Han - 2012 - This draft: March 31, 2012
What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …