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Most empirical policy work requires the aggregation of policies. Trade policy aggregation exemplifies the aggregation … problem poignantly, with thousands of highly dispersed trade barriers. This paper provides methods of policy aggregation that … are consistent with two common objectives of empirical work. One is to preserve real income. The other is to preserve the …
Persistent link: https://www.econbiz.de/10005774757
This paper studies empirically the relationship between trade policy and individual income risk faced by workers. The … analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk … parameters in various manufacturing sectors. The estimated income risk parameters and data on trade barriers are then used to …
Persistent link: https://www.econbiz.de/10014064866
Developing Asia's rapid economic growth has been shifting the global economic and industrial centers of gravity away from the North Atlantic, raising the importance of Asia in world trade, and boosting South–South trade. How will trade patterns change over the next 2 decades in the course of...
Persistent link: https://www.econbiz.de/10013092586
South Africa has undergone significant trade liberalization since the end of apartheid. Average protection has fallen while openness has increased. However, economic growth has been insufficient to make inroads into the high unemployment levels. Poverty levels have also risen. The country's...
Persistent link: https://www.econbiz.de/10012730143
South Africaś trade barriers are still relatively high compared to other emerging market economies, and its industrial policy still preferentially treats certain industries. Based on a static GTAP model, we estimate the economic impact of further trade liberalization on the South African...
Persistent link: https://www.econbiz.de/10010189321
Most CGE trade models fix current account balances exogenously, in accordance with the widely accepted view that trade policy may influence trade flows, but that current accounts are constrained by symmetric capital account balances, on which trade policy has little effect. The MIRAGE-D model...
Persistent link: https://www.econbiz.de/10014216170
-group income distributions. The study presents five simulations for which the major findings are: (1) the Doha scenario has … powerful poverty-reducing tool given their greater importance in the income of the poor …
Persistent link: https://www.econbiz.de/10014050724
-group income distributions. The study presents five simulations for which the major findings are: (1) the Doha scenario has … powerful poverty-reducing tool given their greater importance in the income of the poor …
Persistent link: https://www.econbiz.de/10014064061
ASEAN has significant achievements to its credit. It is a durable and effective functioning entity, more so than any other regional organization in the developing world. For a region characterized by great diversity and a history of conflict, ASEAN has played a role in delivering relative peace...
Persistent link: https://www.econbiz.de/10010529556
This paper presents descriptive evidence of specialisation trends and investigates empirically their causes and consequences, analysing the role of policies in this process. Then, based on the insights from the backward looking analysis, it draws global trade and specialisation scenarios up to...
Persistent link: https://www.econbiz.de/10010375298