Download or read book Effects of Global Trade Liberalization and Environmental Policies on the U S Economy A Computable General Equilibrium Analysis written by Amadou M. Diop and published by . This book was released on 2002 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Appendices: p. 55-61.
Download or read book New Developments in Computable General Equilibrium Analysis for Trade Policy written by John Gilbert and published by Emerald Group Publishing. This book was released on 2010-10-05 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book A General Equilibrium Analysis of US Foreign Trade Policy written by Jaime De Melo and published by MIT Press. This book was released on 1992 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors' model is the first large-scale computer simulation of the effects of changes in U.S. import quotas.
Download or read book Environmental Impacts of a North American Free Trade Agreement written by Gene M. Grossman and published by . This book was released on 1991 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: In general, a reduction in trade barriers will affect the environment by expanding the scale of economic activity, by altering the composition of economic activity and by initiating a change in the techniques of production. We present empirical evidence to assess the relative magnitudes of these three effects as they apply to further trade liberalization in Mexico. We first use comparable measures of three air pollutants in a cross-section of urban areas located in 42 countries to study the relationship between air quality and economic growth. We find for two pollutants (sulphur dioxide and 'smoke') that concentrations increase with per capita GDP at low levels of national income, but decrease with GDP growth at higher levels of income. We then study the determinants of the industry pattern of US imports from Mexico and of value added by Mexico's maquiladora sector. We investigate whether the size of pollution abatement costs in US industry influences the pattern of international trade and investment. Finally, we use the results from a computable general equilibrium model to study the likely compositional effect of a North American Free Trade Agreement (NAFTA) on pollution in Mexico.
Download or read book Trade and Environment written by Karl W. Steininger and published by Physica. This book was released on 1995 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book supplies a categorization of the manifold interlinkages between trade and environment. It investigates two central ones in detail. The trade regulatory is pursued on a theoretical as well as original paradigmatic basis. For an open economy unilaterally setting its environmental process regulation more strictly, economic effects are identified within traditional and new trade theory, and empirically quantified for Austria within a computable general equilibrium (CGE) framework. Of general interest is the in-depth introduction to the spreading CGE-method, its history and traditions, and recent environmental applications.
Download or read book Modelling the Impact of Trade Liberalisation written by Lance Taylor and published by Oxfam. This book was released on 2007 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This hard-hitting research report presents a rigorous critique of the most widely used trade models based on computable general equilibrium (or CGE) models. The report appeals for honest simulation strategies showing a variety of possible outcomes, which would enable policy-makers to assess the different scenarios for themselves.
Download or read book An Introduction to the ITC Computable General Equilibrium Model written by United States International Trade Commission and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book North American Free Trade written by Nora Claudia Lustig and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proposed North American Free Trade Agreement (NAFTA) represents a historic change in relations among Canada, Mexico, and the United States. The effect of the agreement on the three economies has generated controversy and some degree of alarm within each country. In this book, noted trade and development experts review the available literature on the effects of NAFTA on the three member countries and the world trading system. They evaluate how NAFTA will affect areas such as economic growth, employment, income distribution, industry, and agriculture in Canada, Mexico, and the United States; and consider the significance the trade agreement holds for the rest of the world. Drusill K. Brown begins the discussion by providing an overview and comparison of the general results from recent studies. Raúl Hinojosa-Ojeda and Sherman Robinson explore in greater detail the potential effects of NAFTA on wages and employment in Mexico and the United States. Sidney Wintrab reviews industry-specific effects of NAFTA, in particular, the environment, the social agenda, and human rights and democracy. Finally, Carlos Alberto Primo Braga considers the implications of NAFTA on the rest of the world. Following each of these chapters, international scholars assess the alternatives and provide recommendations for future research.
Download or read book Computable General Equilibrium Models for Trade Policy Analysis in Developing Countries written by Jaime De Melo and published by World Bank Publications. This book was released on 1988 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book General Equilibrium Trade Policy Modeling written by T. N. Srinivasan and published by Cambridge, Mass. : MIT Press. This book was released on 1986 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Trade Liberalization written by Romain Wacziarg and published by Edward Elgar Publishing. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book General Equilibrium Analyses of Economic Policy written by Marc A. C. Hafstead and published by Stanford University. This book was released on 2010 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation focuses on the consequences of labor market policies, environmental cap-and-trade policies, and monetary policy. These three types of economic policies are admittedly very distinct, but they are tied together by the type of analysis I employ to study these policies. For each, I develop a specific general equilibrium model aimed at highlighting the policy in question and use cutting-edge computational methods to numerically solve the model across an array of potential policies. In the first chapter, The Distributional Effects of Labor Adjustment Cost Policies, I introduce a general equilibrium model with heterogeneous plants and labor adjustment costs to explore both the aggregate and distributional effects of labor adjustment costs. I use the model to analyze the effects of policies that would repeal all or half of state-mandated firing costs in European countries. The model predicts that a full repeal of state-mandated firing costs in the average European country would increase aggregate labor productivity by 0.7%-6.2% while increasing the rate of job turnover by 65%-420%. In the second chapter, Emissions Allowance Allocation in Cap-and-Trade Policies, I present a version of "Impacts of Alternative Emissions Allowance Allocation Methods Under a Federal Cap-and-Trade Program", co-written with Lawrence H. Goulder and Michael Dworsky, published in the Journal of Environmental Economics and Management, Volume 60, Issue 3, November 2010, pages 161-181. To examine the implications of alternative allowance allocation designs for industry profits and GDP under a federal cap-and-trade program to reduce greenhouse gas emissions, we employ a general equilibrium model of the U.S. economy with a unique treatment of capital dynamics that permits close attention to profit impacts. Effects on profits depend critically on the relative reliance on auctioning or free allocation of allowances. Freely allocating fewer than 15\% of the emissions allowances generally suffices to prevent profit losses in the most vulnerable U.S. industries. Freely allocating all of the allowances substantially overcompensates these industries. When emissions allowances are auctioned and the proceeds are employed to finance cuts in income tax rates, GDP costs are about 33 percent lower than when all the allowances are freely allocated. The results are robust to policies differing in stringency, the availability of offsets, and the opportunities for intertemporal trading of allowances. In the final chapter, I present \textit{Interbank Lending and Monetary Policy in a DSGE Model}, which was written with Josephine Smith. We build a DSGE model with heterogeneous banks and interbank lending to explore how monetary policy should respond to shocks in the interbank lending market. To do this, we build upon the Bernanke, Gertler, and Gilchrist \citeyear{bgg1999} model of the financial accelerator by introducing a monopolistically competitive banking sector. The model is the first of its kind to include a monopolistically competitive banking sector, heterogeneous banks, and an interbank lending market. We find that the heterogeneous monopolistically competitive banking sector mitigates macroeconomic variance in the model relative to a perfectly competitive banking sector. Multiple banks that imperfectly compete with each other can help absorb shocks better than a single representative bank and mitigate the financial accelerator effect. We also find that financial supply side shocks, as measured by shocks to the productivity of bank loan production, have a much greater effect on the real economy than the demand-side financial shocks. In addition, we find that shocks to the ex-ante most productive banks have a larger effect on the real economy than shocks to the ex-ante least productive banks because the banks with high productivity (ex-ante) have a larger share of the financial market. Analyzing the effect of shocks to interbank lending rates (relative to the central bank policy rate), we find large macroeconomic effects of such policies. Finally, we find that a monetary policy interest rate rule that incorporates the financial sector can actually dampen the effects of traditional non-financial shocks such as productivity, government spending, and monetary policy shocks and leads to a significant decrease in business-cycle volatility.
Download or read book Modeling Trade Policy written by Joseph F. Francois and published by Cambridge University Press. This book was released on 1994-06-24 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume contains a number of methodological advances in applied general equilibrium (AGE) modelling of trade policy.
Download or read book The Environmental Effects of Free Trade written by North American Commission for Environmental Cooperation. Secretariat and published by . This book was released on 2002 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agriculture, forestry, fisheries, endangered species, transport.
Download or read book Trade Integration and Political Turbulence written by Per Fredriksson and published by International Monetary Fund. This book was released on 2001-10 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper seeks to contribute to the unresolved issue of the effect of economic integration on environmental policy. In particular, we discuss the joint impact of trade openness and political uncertainty. Our theory predicts that the effect of trade integreation on the environment is conditional on the degree of political uncertainty. Trade integration raises the stringency of environmental policies, but the effect is reduced when the degree of political uncertainty is great. Political uncertainty has a positive effect on environmental policy as it reduces lobbying efforts. Applying our model to a unique data set of primarily developing countries, the empirical findings support the theory and are robust under alterntive specifications.
Download or read book Introduction to Computable General Equilibrium Models written by Mary E. Burfisher and published by Cambridge University Press. This book was released on 2016 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a hands-on introduction to computable general equilibrium (CGE) models, written at an accessible, undergraduate level.
Download or read book The Transitional Costs to Trade Liberalization written by Abeer Mohamed Elshennawy and published by . This book was released on 1998 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
