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This study investigates the potential trade flows between countries of South, East and South East Asian region as a result of tariff liberalization using the GTAP-model. The study reveals that tariff liberalization has positive effects on all country groupings of South, East and South East Asian...
Persistent link: https://www.econbiz.de/10013038514
We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member countries is...
Persistent link: https://www.econbiz.de/10013162399
The private sector is deemed as an engine of growth. As such, many developing countries including Ghana have sought to develop the private sector to propel the growth of their economies. This notwithstanding, much has not been done to examine the effects of such efforts on the productivity of...
Persistent link: https://www.econbiz.de/10012838174
This paper examines the relationship between trade openness and economic growth in Bangladesh. Contrary to the previous studies we use the data only for the period after the trade liberalization in the early 1990s. Both cointegration and Granger causality analysis are used to find the short-run...
Persistent link: https://www.econbiz.de/10013215901
Since 1983, Ghana has witnessed trade liberalization policies that were introduced as part of structural adjustment and economic recovery programmes and meant to open up the once closed economy. As part of such reforms, tariffs were reduced, and non-tariff trade barriers lessened. The adjustment...
Persistent link: https://www.econbiz.de/10013220572
We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the...
Persistent link: https://www.econbiz.de/10012269824
India underwent a significant structural transformation through trade liberalization and other reforms (domestic) in the 1990s because of a balance-of-payments crisis. I use this episode to identify the causal effect of a drop in tariffs on wage inequality, measured through managerial and...
Persistent link: https://www.econbiz.de/10012024495
This study assesses the impact of trade openness on economic growth among ECOWAS countries using secondary data from … estimator was preferred. Results show that trade openness has positive effects on growth in ECOWAS countries in the long-run but … mixed effects in the short-run. The study therefore recommends that ECOWAS member countries improve cooperation among …
Persistent link: https://www.econbiz.de/10012178355
More than 170 years ago, Frédéric Bastiat noted in his masterly work Economic Sophisms that the “opposition to free trade rests upon errors, or, if you prefer, upon half-truths.”1 Ever since Adam Smith successfully replaced mercantilist orthodoxy with free trade doctrine in his celebrated...
Persistent link: https://www.econbiz.de/10012846238
We develop a computable general equilibrium model of Egypt to analyze proposed reforms in its trade policies, including a partnership agreement (PA) with the European Union (EU). The model has multiple trading regions and allows for administrative trade barriers and tariffs. We compute the...
Persistent link: https://www.econbiz.de/10014060605