This paper analyzes two potential trade liberalization scenarios – a Free Trade Area of theAmericas (FTAA) and possible links between MERCOSUR and the European Union(EU) – in a world computable general equilibrium (CGE) model. The model alsoincorporates some macro elements such as a cash-...

This study quantitatively analyzes the general equilibrium effects of declines in world demand for tobacco products. The study finds that tobacco exports and production in the three developing countries, Malawi, Zimbabwe, and Turkey, would be badly hit if world tobacco prices fall due to the...

This paper delves into China’s differential growths in trade flows with high income and developing countries by focusing on bilateral content of trade data over the time period 1978-2005. Unlike other studies, we account for end use of traded goods ranging from primary, intermediate, and...

The effect on production, trade and well-being from the granting of market access, removing export subsidies, and eliminating trade-distorting forms of direct support to farmers in WTO member countries is analyzed from a world-wide general equilibrium perspective using the most recently...

This paper analyzes the economy-wide gains obtainable from the allocation of surface irrigation water to its most productive use, and evaluates a decentralized mechanism for achieving this result in a spatially heterogeneous environment. The focus country for the analysis is Morocco. The...

This paper takes a local perspective on global food price shocks by analyzing food price transmission between regional markets in Ghana. It also assesses the impacts of food price increases on various household groups. Taking the recent global food crisis as an example, we find that prices for...

Many of the import competing sectors in Moroccan agriculture are protected while water in irrigated agriculture is priced below its marginal value product. Establishing a water market in this pre-trade reformenvironment can be welfare decreasing. Further, as the shadow price of water is...

This study focuses on public investments and policy reforms for leveraging growth spillovers at the Africaregional level. It reviews first the theory and evidence of knowledge and growth spillovers generally andsecond the evidence in the African context. Given the limited and scattered evidence...

The effects of environment on trade and welfare are analyzed in a modifiedHeckscher-Ohlin framework using a quasi-homothetic preferences to account for differences incountries' expenditure shares on health. Three types of pollution, local-disembodied, global-disembodiedand embodied, result as a...

Thailand has experienced economic growth well above world averages for about 40years. It is a challenge to understand the sources of this high growth path, and inparticular why growth has not slowed down with assumed decreasing returns to capital.We develop an intertemporal general equilibrium...