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analysis of how trade policies evolve in the long and medium runs. We show that even under normal economic conditions …, policymakers modify tariffs to cope with the evolution of world markets. We then use the MIRAGE Computable General Equilibrium … where applied tariffs of major economies increase up to the currently bound tariff rates, we find that world trade decreases …
Persistent link: https://www.econbiz.de/10004967164
"We herein use a world Computable General Equilibrium (CGE) model to simulate 143 potential trade reforms and seek … according to the objective functions adopted by the trade negotiators. When real income is the objective and services are … excluded, or when optimizing terms of trade is the objective, the Nash solution is the status quo. Trade liberalization is …
Persistent link: https://www.econbiz.de/10004967169
trade, revenue and welfare effects. At complete elimination of tariffs on all products imports from trade classification … imports of each trade classification section in question. The overall welfare effect relative to GDP tends to be very small … those product sections where trade creation outweighs trade diversion such as Animal products, Vegetable products, Animal …
Persistent link: https://www.econbiz.de/10011222405
Persistent link: https://www.econbiz.de/10011548398
China's size, rapid growth, external openness, and trade performance have led to varying perceptions among the …
Persistent link: https://www.econbiz.de/10010943484
"This paper addresses the potential effects of a world agricultural trade liberalization scenario on poverty and … after the introduction of policy shocks. Model results show that the simulated trade policy shocks have positive effects on …
Persistent link: https://www.econbiz.de/10004967179
Persistent link: https://www.econbiz.de/10008476189
The Agreement on South Asian Free Trade Area (SAFTA) entered its second phase of implementation in 2008. The creation … of a free trade area is expected to affect its participants—Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and … Sri Lanka—very differently given their diversity in terms of size, income, and structure of trade and protection. Using …
Persistent link: https://www.econbiz.de/10008521827
millions of people. Global agriculture markets are undergoing structural changes, and the next three to four years will pose …
Persistent link: https://www.econbiz.de/10004996821
"The dramatic rise and volatility of food prices over the last year have shaken the global food system. Governments and the international development community generally have responded to various aspects of the food crisis, but questions remain about whether the right actions are being pursued,...
Persistent link: https://www.econbiz.de/10004996822