In this article we develop a simple analytically solvable model of heterogeneous firms. The heterogeneous firm framework presented in this paper is particularly suitable for the structural estimation of variety gains from trade integration, as all structural equations for empirical estimations...

The welfare effect under GTAP model computes a money metric equivalent of the utility change. This is calculated by measuring ‘equivalent variation’ (EV) which summarizes the regional welfare changes resulting from any policy shock and is given in dollar values (US $ million). In GTAP, this...

The objective of this research has been to examine the impact of Doha round negotiations on the economy of India. This research looked into the impact of agricultural trade liberalisation and the impact of NAMA negations under the Doha negotiations, the combined effects of agricultural and NAMA...

This paper has evaluated the possible effects of the Economic Partnership Agreement using a global general equilibrium modelling framework, namely the GTAP model. The latest version of the GTAP database (version 6.22) has been employed as a benchmark database. The study has explored the...

This paper analyzes several effects of FDI accruing to Textiles, Chemicals, Electronics and Machinery in China. Though the four sectors have contrasting production technologies and vary largely in trade patterns, the related Chinese exports and imports still follow a general trend: East Asia and...

Assumptions on export elasticities can have a big impact on CGE model results, especially at the industry level. Export elasticities measure the responsiveness of demand for a country’s exports to a change in the world price. The greater the elasticity, the greater the change in export demand...

This paper examines the ‘small share’ problem inherent within the constant elasticity of substitution Armington specification. As a de facto research tool in the quantitative trade literature, this structural bias plagues the results of numerous multi-region CGE studies. Kuiper and van...

The welfare effect under GTAP model computes a money metric equivalent of the utility change. This is calculated by measuring ‘equivalent variation’ (EV) which summarizes the regional welfare changes resulting from any policy shock and is given in dollar values (US $ million). In GTAP, this...

Die veränderte geopolitische Situation, das Scheitern multilateraler Ansätze sowie die neuen Herausforderungen in Bezug auf ökologische und digitale Transformation verlangen eine neue strategische Ausrichtung der EU, die auch die Kooperation und Vertiefung von Handelsbeziehungen mit...

When Vietnam entered WTO in 2007 it was granted an accession period up to 2014. During this period tariffs would have to fall according to the accession agreement. This paper evaluates this 2007-2014 trade liberalization by building an applied general equilibrium model and calibrating it to the...