The Dynamic Effects Of Trade Liberalization
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The Dynamic Effects Of Trade Liberalization
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Author : Joseph F. Francois
language : en
Publisher:
Release Date : 1993
The Dynamic Effects Of Trade Liberalization written by Joseph F. Francois and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Free trade categories.
The Dynamic Effects Of Trade Liberalization An Empirical Analysis Inv 332 375
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Author :
language : en
Publisher: DIANE Publishing
Release Date :
The Dynamic Effects Of Trade Liberalization An Empirical Analysis Inv 332 375 written by and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
The Dynamic Effects Of Trade Liberalization
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Author : United States International Trade Commission
language : en
Publisher:
Release Date : 1997
The Dynamic Effects Of Trade Liberalization written by United States International Trade Commission and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Economic development categories.
Trade Liberalization And Endogenous Growth In A Small Open Economy
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Author : Thomas F. Rutherford
language : en
Publisher:
Release Date : 2004
Trade Liberalization And Endogenous Growth In A Small Open Economy written by Thomas F. Rutherford and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Although trade liberalization has been linked econometrically and through casual empiricism to large income increases, attempts to quantify its impact in static simulation models have shown estimated gains. This paper shows that when the endogenous dynamic effects of trade liberalization are built into simulation models, the estimated gains are indeed very large. But complementary regulatory, financial market, and macroeconomic reforms are important to realize the largest gains. Rutherford and Tarr develop a numerical endogenous growth model approximating an infinite horizon, which allows them to investigate the relationship between trade liberalization and economic growth. Economic theory generally implies that trade liberalization will improve economic growth, and the two phenomena are positively correlated in empirical tests, but the connection is not well-substantiated in numerical general equilibrium models. In the authors' model, an intermediate input affects aggregate output through a Dixit-Stiglitz function. Additional varieties provide the engine of growth in this framework and the existence of this mechanism magnifies the welfare costs. In this model with lump sum revenue replacement, reducing a tariff from 20 percent to 10 percent produces a welfare increase (in terms of Hicksian equivalent variation over the infinite horizon) of 10.7 percent of the present value of consumption in their central model, where the economy is assumed to be unable to borrow on international financial markets. If macroeconomic and financial reforms are in place that would allow international borrowing, however, the same tariff cut is estimated to result in a 37 percent increase in Hicksian equivalent variation. On the other hand, if inefficient replacement taxes must be used in an economy without the capacity to borrow internationally, the gains would be reduced to 4.7 percent. Larger tariff cuts-typical of those in many developing countries over the past 30 years-produce larger estimated welfare gains at least proportionate to the size of the cut. The authors apply the model to five developing countries and estimate the impact of the tariff changes those countries plan to undertake as part of Uruguay Round commitments. Because of the dynamic effects, estimated gains are considerably larger than those found in the literature on the impact of the Uruguay Round. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to assess the impact of trade and investment on economic growth. The study was funded by the Bank's Research Support Budget under the research project The Dynamic Impact of Trade Liberalization in Developing Countries (RPO 681-40).
The Gains And Pains Of Financial Integration And Trade Liberalization
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Author : Rajib Bhattacharyya
language : en
Publisher: Emerald Group Publishing
Release Date : 2019-11-26
The Gains And Pains Of Financial Integration And Trade Liberalization written by Rajib Bhattacharyya and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-26 with Business & Economics categories.
Geared towards policy makers, researchers, academics, and business and management professionals, The Gains and Pains of Financial Integration and Trade Liberalization helps readers develop new theories and models for analysing the future trends in finance and trade-related issues.
Trade Liberalization And Endogenous Growth In A Small Open Economy
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Author : Thomas Fox Rutherford
language : en
Publisher:
Release Date : 1998
Trade Liberalization And Endogenous Growth In A Small Open Economy written by Thomas Fox Rutherford and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Economic development categories.
Dynamic Trade Liberalization Analysis
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Author : Michael A. Kouparitsas
language : en
Publisher:
Release Date : 1998
Dynamic Trade Liberalization Analysis written by Michael A. Kouparitsas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Free trade categories.
Trade Liberalization
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Author : Romain Wacziarg
language : en
Publisher: Edward Elgar Publishing
Release Date : 2018
Trade Liberalization written by Romain Wacziarg and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Free trade categories.
This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.
The Gains And Pains Of Financial Integration And Trade Liberalization
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Author : Rajib Bhattacharyya
language : en
Publisher: Emerald Group Publishing
Release Date : 2019-11-26
The Gains And Pains Of Financial Integration And Trade Liberalization written by Rajib Bhattacharyya and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-26 with Business & Economics categories.
Geared towards policy makers, researchers, academics, and business and management professionals, The Gains and Pains of Financial Integration and Trade Liberalization helps readers develop new theories and models for analysing the future trends in finance and trade-related issues.
Impact Of Liberalization Economic Growth And Trade Policies On Current Accounts Of Developing Countries
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Author : Ashok Parikh
language : en
Publisher:
Release Date : 2002
Impact Of Liberalization Economic Growth And Trade Policies On Current Accounts Of Developing Countries written by Ashok Parikh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Balance of payments categories.