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Quantifying the effects of trade policy in the age of "global value chains" (GVCs) requires an enhanced analytical framework that takes the observed international input-output relations in due account. However, existing quantitative general equilibrium models generally assume that industry-level...
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This paper compares the degree of openness to trade of three developed countries markets-the European Union, Japan, the United States-with that of three middle-income countries, namely Brazil, India, and China. A theoretically consistent protection measure - the Mercantilistic Trade...
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ante estimates of the impacts of two key preferential trade agreements currently negotiated by Indonesia, the largest … Indonesia may negotiate in the future. To that end it, combines a dynamic, multi-country computable general equilibrium model … the preferential trade agreements considered, the European Union-Indonesia Comprehensive Economic Partnership Agreement …
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