A General Equilibrium Analysis of US Foreign Trade Policy PDF Download
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Author: Jaime De Melo
Publisher: MIT Press
ISBN: 9780262041225
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
The authors' model is the first large-scale computer simulation of the effects of changes in U.S. import quotas.
Author: Jaime De Melo
Publisher: MIT Press
ISBN: 9780262041225
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
The authors' model is the first large-scale computer simulation of the effects of changes in U.S. import quotas.
Author: T. N. Srinivasan
Publisher: Cambridge, Mass. : MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 384
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Book Description
This collection of original essays makes a substantial contribution to the empirical analysis of trade policy and to the current debate on a new international economic order. They address policy from a strictly economic viewpoint, using computable general equilibrium models as analytical tools and assessing the strengths and weaknesses of these models, which are being increasingly used for policy analysis in international trade and other branches of economics. The essays all examine the effects of 50 percent tariff cuts on the various economies modeled. However, since some models are global (multicountry) and others are single country, such cuts can take several forms: unilateral, multilateral, or bilateral. The models show wide variation in their results. This points up the need for caution in using such models for rigid policy advice and for further improvement in data and techniques if trade modeling is to become effective. Nonetheless, the strength of such models in making explicit the implicit assumptions of policymakers and in providing a quantitative framework for trade policy evaluation is clearly revealed. T. N. Srinivasan, coauthor with Jagdish Bhagwati of Lectures on International Trade(MIT Press 1983) is Samuel C. Park Jr. Professor of Economics at Yale University. John Whalley, author of Trade Liberalization among Major World Trading Areas(MIT Press 1984) is Professor of Economics at the University of Western Ontario.
Author: Mary E. Burfisher
Publisher: Cambridge University Press
ISBN: 1107132207
Category : Business & Economics
Languages : en
Pages : 443
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Book Description
The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
Author: Peter B. Dixon
Publisher: Newnes
ISBN: 0444536353
Category : Business & Economics
Languages : en
Pages : 1143
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Book Description
In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy
Author: Jaime De Melo
Publisher: World Bank Publications
ISBN:
Category : Commercial policy
Languages : en
Pages : 53
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Book Description
Author: John Gilbert
Publisher: Emerald Group Publishing
ISBN: 0857241419
Category : Business & Economics
Languages : en
Pages : 461
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Book Description
Intends to present the developments in the methodology and practice of CGE techniques as they apply to various issues in international trade policy. This title is suitable for academic researchers working in trade policy analysis and applied general equilibrium, and advanced graduate students in international economics.
Author: Mario Larch
Publisher:
ISBN:
Category :
Languages : en
Pages : 84
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Book Description
Author: Jaime De Melo
Publisher: World Scientific
ISBN: 9814494828
Category : Political Science
Languages : en
Pages : 554
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Book Description
Policies affecting resource allocation across tradable sectors and those affecting the incentives to produce tradable activities are key determinants of macroeconomic balance and growth. Computable general equilibrium models have made significant contributions to both types of policies. With advancements in computing power and software, these models have become easy to implement and are now widespread. The question then is when and how to formulate them to avoid the ‘black box’ syndrome.This book seeks to address these issues through carefully selected essays that analyse how to model general equilibrium linkages in a single economy, across developing and developed economies, and across both micro and macro policies. Micro policies examined include tariffs quotas and VERs, the choice of taxes to maximize government revenue, migration and remittances, and the political economy of tariff setting. Applications on macro policies cover capital inflows, real exchange rate determination, and the modeling of the effects of adjustment policies on income distribution.The book provides insights on the development of a family of models for diverse policy choices, focusing on the ways to model the following: links between tradable and non-tradable activities, labor markets, and portfolio choices given limited capital mobility. Selected essays are all inspired by specific policy problems, including the adaptation to external shocks (i.e. oil), consequences of capital inflows, determinants of migration and associated remittances, the productivity of foreign aid, and rent-seeking activities under trade regimes with non-price trade restrictions. Examples in this book lay out the theoretical foundations, alongside a variety of applications, to help formulate coherent and transparent models for policy analysis. Archetype economies are extensively used to show how differences in economic structure influence the effects of policies. Graduate students and policy analysts interested in modeling will find this a useful compendium of studies.
Author: David G Tarr
Publisher: World Scientific
ISBN: 9814551449
Category : Political Science
Languages : en
Pages : 548
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Book Description
This book focuses on the World Bank projects, led by the author, based on computable general equilibrium models of international trade policy. The chapters show an unusual combination of policy relevance, advice and impact, with academic rigor and international trade theory insights. The author discusses some of the policy contexts for the requests from developing and transition countries to the World Bank, the key trade theory or policy insights, policy recommendations and conclusions, and the policy impacts.
Author: Joseph F. Francois
Publisher: Cambridge University Press
ISBN: 9780521087568
Category : Business & Economics
Languages : en
Pages : 372
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Book Description
Applied General Equilibrium (AGE) models have proven to be the tool of choice for analyzing the North American Free Trade Agreement (NAFTA). This collection contains the most important contributions to this burgeoning literature by many of the leading practitioners in the field. It also contains an extensive research survey, including comparisons of model dimensions, behavioral features, data sources, policy experiments, and main conclusions for policy. The volume contains a number of methodological advances in AGE modeling of trade policy.
