Download or read book Trade Policy Issues and Empirical Analysis written by Robert E. Baldwin and published by University of Chicago Press. This book was released on 2008-04-15 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest in U.S. trade policy has been stimulated in recent years by the massive American trade deficit, by the belief that intervention by foreign governments in international markets has given other countries a competitive edge over the United States, and by concern about the increase in protectionism among industrial countries. In turn, major analytical developments in international economics have revolutionized trade theory, broadening its scope both by introducing in a more formal manner such concepts as imperfect competition, increasing returns, product differentiation, and learning effects and by including the study of political and economic factors that shape trade policy decisions. This collection of papers—the result of a conference held by the NBER—applies these "new" trade theories to existing world cases and also presents complementary empirical studies that are grounded in more traditional trade theories. The volume is divided into four parts. The papers in part 1 consider the problem of imperfect competition, empirically assessing the economic effect of various trade policies introduced in industries in which the "new" trade theory seems to apply. Those in part 2 isolate the effects of protection from the influences of the many economic changes that accompany actual periods of protection and also examine how the effects from exogenous changes in economic conditions vary with the form of protection. Part 3 provides new empirical evidence on the effect of foreign production by a country's firms on the home country's exports. Finally, in part 4, two key bilateral issues are analyzed: recent U.S.-Japanese trade tensions and the incident involving the threat of the imposition of countervailing duties by the United States on Canadian softwood lumber.

Download or read book Applied General Equilibrium written by John Piggott and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last 20 years, applied general equilibrium (AGE) modelling has developed from a small academic research program into a routinely used policy assessment tool. Major governments and international agencies maintain AGE research groups, and call for their input to a variety of trade, tax, and other resource allocation issues. This book is a collection of papers representative of recent activity in this field. Contributions have been grouped into a methodological section, a trade section, and a section on energy issues, and this division accurately indicates the focus of the volume. Readers will thus have access to up to date techniques and results currently being used by researchers at the forefront of the research program.

Download or read book Applying General Equilibrium written by John B. Shoven and published by Cambridge University Press. This book was released on 1992-05-29 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.

Download or read book Frontiers in Applied General Equilibrium Modeling written by Timothy J. Kehoe and published by Cambridge University Press. This book was released on 2005-01-17 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2005 volume brings together twelve papers by many of the most prominent applied general equilibrium modelers honoring Herbert Scarf, the father of equilibrium computation in economics. It deals with developments in applied general equilibrium, a field which has broadened greatly since the 1980s. The contributors discuss some traditional as well as some modern topics in the field, including non-convexities in economy-wide models, tax policy, developmental modeling and energy modeling. The book also covers a range of distinct approaches, conceptual issues and computational algorithms, such as calibration and areas of application such as macroeconomics of real business cycles and finance. An introductory chapter written by the editors maps out issues and scenarios for the future evolution of applied general equilibrium.

Download or read book Imperfect Competition And Political Economy written by Colin Carter and published by CRC Press. This book was released on 2019-04-24 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents International Agricultural Trade Research Consortium commissioned papers. The papers systematically explore the conceptual and empirical dimensions of the new trade theory and try to determine the potential application to agricultural trade and trade policy analysis.

Download or read book The Structure of Applied General Equilibrium Models written by Victor Ginsburgh and published by MIT Press. This book was released on 2002 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridges the gap between applied and theoretical general equilibrium models.

Download or read book Trade Liberalization and Endogenous Growth in a Small Open Economy written by Thomas Fox Rutherford and published by World Bank Publications. This book was released on 1998 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: September 1998 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). David Tarr may be contacted at [email protected].

Download or read book Economy wide Modeling of the Economic Implications of a FTA with Mexico and a NAFTA with Canada and Mexico written by United States International Trade Commission and published by . This book was released on 1992 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a symposium held at the Commission February 24-25, 1992, of nearly all of the research by computable general equilibrium (CGE) modelers currently involved in studying the NAFTA as well as one macroeconomic forecasting model of a FTA with Mexico. The first volume is a critical review and summary prepared by the Commission staff. Volume 2 (USITC pub. 2508) is an addendum of all the papers submitted by the authors and discussants' written comments.

Download or read book Economy wide Modeling of the Economic Implications of a FTA with Mexico and a NAFTA with Canada and Mexico written by and published by . This book was released on 1992 with total page 788 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The symposium included nearly all of the research by computable general equilibrium (CGE) modelers currently involved in studying the NAFTA as well as one macroeconomic forecasting model of a FTA with Mexico ... The first volume is a critical review and summary prepared by the Commission staff ... Thesecond volume is an addendum of all the papers submitted by the authors and discussants' written comments"--Vol. 1, preface.

Download or read book Economic Development and Cooperation in the Pacific Basin written by Hiro Lee and published by Cambridge University Press. This book was released on 1998-09-28 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, this volume brings together contributions from leading economic analysts around the Pacific Basin, reporting on their research into three of the most important issues facing the region: trade, investment flows, and the environmental effects of economic growth. Each of these issues has important domestic and multilateral ramifications and the Pacific Basin's status as the world's most dynamic economic region makes this analysis relevant to policy makers and researchers in all countries. The collection is unusual in offering appraisals from economists representing the principal economies of the region. Among other contributions in the book are insights into the forces animating regional trade and investment, detailed assessment of leading East Asian economies such as those of China, Indonesia, Japan, Korea, and Singapore, and innovative research on economy-environment linkages.

Download or read book Theories and Models in Economics written by Hans Lind and published by Edward Elgar Publishing. This book was released on 2024-04-12 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative book uses in-depth empirical studies of scientific articles and takes inspiration from Nobel laureates to explore how theories and models are used in economics. Hans Lind ultimately illustrates that economics studies a ‘chaos-theoretic’ system where a theory is a framework that helps formulate hypotheses rather than a set of statements about how an economy works.

Download or read book The Political Economy of Manufacturing Protection written by Christopher Findlay and published by Routledge. This book was released on 2017-10-10 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Protection is a persistent feature of economic policy in developed and developing countries alike. However, it is now widely accepted that high protection holds back economic growth. Why is protection so pervasive when it is widely recognised to be against the national interest of the countries which impose it? This contradiction is the focus of this important volume, first published in 1986. Economists from the Philippines, Thailand, Malaysia, Singapore and Australia have written about their countries and draw conclusions on the causes of protection from statistical analysis and from interindustry structure.

Download or read book Applied General Equilibrium Analysis of India s Tax and Trade Policy written by Sameer R. Rege and published by Routledge. This book was released on 2018-10-24 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. India's tax revenues depend on manufacturing while agriculture and services generate employment. WTO's Uruguay and Doha rounds imply large tariff cuts. This affects the competitiveness of the Indian manufacturing sector and has implications for government deficits. Excessive dependence on indirect taxes and subsidies to regulate markets introduces distortions and is incompatible with free market principles. The book analyses welfare implications of fiscal and trade policies for India. To put the results in perspective, developments in trade theory, public finance and Computable General Equilibrium (CGE) modelling are covered. Theoretical results are juxtaposed with empirical findings from these models. Methodology to construct CGE models is also covered. The trade model covers tariff cuts under various assumptions besides incorporating "new trade theory". As tax reforms and tariff cuts are independent, past tax reforms like MODVAT (MODified VAT) and proposed reforms like VAT, elimination/reduction of subsidies are covered using a separate tax model.

Download or read book Perspectives in Industrial Organization written by B. Dankbaar and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the key-note lectures and a selection of papers that were presented at the 15th Conference of the European Association for Research in Industrial Econo mics (EARlE) held under the auspices of GRASP at Erasmus University Rotterdam in 1988, plus an introductory chapter by the Editors. Upon suggestions by the Editors, all papers have been revised for this book, some more extensively than others. Robin Marris has added to his lecture a synopsis of the contributions to the Round Table on the Micro-Macro Interface which he chaired during the Conference. The papers cover issues that seem to be both interesting and relevant for the 1990s. While some of the papers are cast in a rather established research frame -enabling the use of regular academic routines - others are first attempts at delineating the contours of areas that are peripheral to what is often considered as the core of Industrial Organization. In their introductory chapter, the Editors set forth that a neglect of those areas may well relegate Industrial Organization to social irrelevancy. Therefore, it is hoped that the book will also contribute to a reflection on the main lines of Industrial Organization research for the 1990s -thus helping to create a healthy perspective for this part of economics at a time when macroeconomics is undergoing a severe crisis.

Download or read book Handbook on East Asian Economic Integration written by Kimura, Fukunari and published by Edward Elgar Publishing. This book was released on 2021-12-09 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook provides an in-depth analysis of the nature of East Asian economic integration alongside thoughtful insights into contemporary issues, such as agricultural development, structural transformation and East Asian trade, alongside skills and human capital development policies of ASEAN. Contributors also provide detailed explanations on trade, poverty and Aid for Trade, institutional reforms, regulatory reform and measuring integration.

Download or read book Handbook of Research on Military Expenditure on Economic and Political Resources written by Das, Ramesh Chandra and published by IGI Global. This book was released on 2018-05-25 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: As many countries have increased their budgets to allow for newer technologies and a stronger military force, defense spending has become a popular debate topic around the world. As such, it is vital to understand the interplay between the military expenditure and economic growth and development across countries. The Handbook of Research on Military Expenditure on Economic and Political Resources is a critical scholarly publication that explores the interplay between the military expenditure and economic growth and development across countries. Featuring coverage on a wide range of topics such as defense management, economic growth, and dynamic panel model, this publication is geared towards academicians, researchers, and professionals seeking current research on the interplay between the military expenditure and economic growth and development across countries.

Download or read book Challenges for Macroeconomic Modelling written by W. Driehuis and published by Elsevier. This book was released on 2014-06-28 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects the revised and edited proceedings of the conference held in honour of the 50th anniversary of Professor Tinbergen's first macroeconomic policy model. Written by experts both in the field of model building and policy analysis, the contributions provide an invaluable overview of the state of the art and the use of macroeconomic models in our time.