By reducing the costs of such trade services as transport, insurance, and finance, liberalizing trade in services can generate benefits in the markets for every kind of trade they facilitate. It can also stimulate the fragmentation of production of both goods and services, thus increasing...

We examine the effects of trade liberalization on structural changes at the plant-level and industry-level. The traditional Heckscher-Ohlin (H-O) model predicts an increase in capital-labor ratios in a labor abundant country after trade liberalization. This is in marked contrast to the...

The process of major economic reforms undertaken in the Indian economy has now completed six years of implementation. The unilateral reform measures in the industrial and trade policies of India along with reforms in the tax regime represent a significant departure from the policy framework of...

We examine the importance of various characteristics of services for the modelling of the effects of trade liberalization in services. We consider first the characteristics that our own computable general equilibrium (CGE) modelling framework has been designed to address: variety, scale, and...

We examine the importance of various characteristics of services for the modelling of the effects of trade liberalization in services. We consider first the characteristics that our own computable general equilibrium (CGE) modelling framework has been designed to address: variety, scale, and...