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We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive … more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and … effects from joining GATT/WTO can still gain in terms of welfare, due to lower import prices and higher export demand. …
Persistent link: https://www.econbiz.de/10013162399
equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … general equilibrium effects of GATT/WTO on welfare, which are sizable and heterogeneous across members, and relatively small … gain in terms of welfare, due to beneficial terms-of-trade effects. …
Persistent link: https://www.econbiz.de/10012269824
We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive … more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and … effects from joining GATT/WTO can still gain in terms of welfare, due to lower import prices and higher export demand. …
Persistent link: https://www.econbiz.de/10014335080
production costs), and worse geography (in terms of more remoteness from other countries). We show that, in a global welfare … all countries, but especially in disadvantaged ones. This would not only restore efficiency but also reduce welfare …
Persistent link: https://www.econbiz.de/10012890733
The purpose of the paper is to discuss the effects of WTO accession on policy-making and institutional reforms in transition countries. This is done by looking at the experience of those transition countries which are already Members of the WTO. We start by examining the effect of accession on...
Persistent link: https://www.econbiz.de/10010211073
How does a redistribution of trade gains affect welfare when income inequality matters? To answer this question, we … unemployment benefits that are financed either by a wage tax, a payroll tax or a profit tax. Assuming that welfare declines in … income inequality, we find that welfare increases up to a maximum in the case of wage tax funding, while welfare declines …
Persistent link: https://www.econbiz.de/10011380024
This paper surveys the literature on the implications of trade liberalisation for intra-national economic geographies. Three results stand out. First, neither urban systems models nor new economic geography models imply a robust prediction on the impact of trade openness on spatial...
Persistent link: https://www.econbiz.de/10014195346
The paper examines the impact of trade liberalization on the poor through its impact on prices and incomes. A simple framework is developed which traces the impact of trade liberalization on the poor. Some guidelines are given for making trade work for the poor after identifying how the trade...
Persistent link: https://www.econbiz.de/10014088835
Recent research in international trade emphasizes the importance of firms' extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In this paper, we use detailed US trade statistics to provide a broad overview of...
Persistent link: https://www.econbiz.de/10013116133
This paper analyzes how increasing trade integration affects individual utility when the international specialization pattern is stochastic, i.e. when the number of varieties each country produces depends on the realization of a random variable. I employ a Ricardian continuum of goods model to...
Persistent link: https://www.econbiz.de/10012729610