Dixon, P. B.; Giesecke, J. A.; Rimmer, M. T.; Rose, A. - In: Defence and Peace Economics 22 (2011) 1, pp. 85-97
We use a CGE model to simulate the effects of a one-year US border closure. Relative to previously used input-output modeling, CGE modeling offers a flexible framework for capturing bottleneck and labor-market effects. Our analysis suggests that the costs of a prolonged closure could be much...