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. However, simulation results seem to exhibit significant variation across publications, and the often criticised ‘black box …’ character of applied trade models makes meaningful comparisons of simulation results very difficult. As a potential remedy, this … paper presents a meta-analysis of simulation-based Doha round publications. The meta-regression explains simulated welfare …
Persistent link: https://www.econbiz.de/10010954406
. However, meaningful comparisons of simulation results from different sources are difficult. Often significant differences in … the magnitude of simulation results, and to estimate the magnitude of this influence. Findings from our simple econometric … model are plausible and show that each simulation experiment represents a complex interaction of experimental settings that …
Persistent link: https://www.econbiz.de/10005484019
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of...
Persistent link: https://www.econbiz.de/10011242426
This paper illustrates on a simple model of production economy how the concept of partial equilibrium can be in an unresolvable conflict with the general equilibrium.
Persistent link: https://www.econbiz.de/10009294591
The 2007-2009 period has been characterised by an oil shock followed by a financial crisis. Higher oil prices and the prospect of higher borrowing costs are likely to reduce the productive potential of OECD economies. The present study provides illustrative numerical estimates of the impact...
Persistent link: https://www.econbiz.de/10008461036
Market access has been at the core of eight negotiating rounds of the General Agreement on Tariffs and Trade (GATT). Yet, agricultural trade remains a heavily protected sector, characterized by higher tariffs relative to industrial goods, large tariff dispersions, numerous specific tariffs and...
Persistent link: https://www.econbiz.de/10005484006
Due to the complexity of general and partial equilibrium models, conventional sensitivity analysis, qualitative reviews or literature-based meta-analyses do not allow for detailed assessments of the role of individual parameters and policy shocks across different models. Therefore, the partial...
Persistent link: https://www.econbiz.de/10005039402
The emergence of biofuels as an agricultural commodity has integrated the agricultural, energy and livestock sectors and expanded the scope of models being used to analyze the effects of energy policies. It has increased the importance of incorporating spatial heterogeneity in land availability...
Persistent link: https://www.econbiz.de/10010616235
The current obesity crisis in the United States is generating numerous alternative policy options for combating the problem. One alternative that has been widely proposed is an excise or sales tax on sugar-sweetened non-alcoholic beverages. This literature started out within a very simple...
Persistent link: https://www.econbiz.de/10009021562