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Author: Mr.Nizar Jouini Publisher: International Monetary Fund ISBN: 1484367731 Category : Business & Economics Languages : en Pages : 43
Book Description
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of entry-sunk costs. Hence, liberalization is treated assuming a government's policy decision aimed at reducing those costs. Then, we estimate the model using Bayesian techniques for Tunisia and the Euro Area. The paper presents a precise quantitative evaluation of services trade barriers as the difference between entry-sunk costs in Tunisia versus the Euro Area. We find significant welfare benefits in addition to aggregate and sectoral growth gains the Tunisian economy could attain following services liberalization. Surprisingly, the goods sector is the one that benefits the most from services liberalization in the short- and long-term horizons.
Author: Mr.Nizar Jouini Publisher: International Monetary Fund ISBN: 1484367731 Category : Business & Economics Languages : en Pages : 43
Book Description
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of entry-sunk costs. Hence, liberalization is treated assuming a government's policy decision aimed at reducing those costs. Then, we estimate the model using Bayesian techniques for Tunisia and the Euro Area. The paper presents a precise quantitative evaluation of services trade barriers as the difference between entry-sunk costs in Tunisia versus the Euro Area. We find significant welfare benefits in addition to aggregate and sectoral growth gains the Tunisian economy could attain following services liberalization. Surprisingly, the goods sector is the one that benefits the most from services liberalization in the short- and long-term horizons.
Author: Bernard M. Hoekman Publisher: World Bank Publications ISBN: Category : Acuerdos comerciales Languages : en Pages : 62
Book Description
Abstract: Since the mid 1980s a substantial amount of research has been undertaken on trade in services. Much of this is inspired by the World Trade Organization or regional trade agreements, especially the European Union, but an increasing number of papers focus on the impacts of services sector liberalization. This paper surveys the literature, focusing on contributions that investigate the determinants of international trade and investment in services, the potential gains from greater trade (and liberalization), and efforts to cooperate to achieve such liberalization through trade agreements. It concludes that there is increasing evidence that services liberalization is an important source of potential welfare gains, but relatively little research has been done that can inform the design of international cooperation-both trade agreements and development assistance-so as to more effectively promote development objectives.
Author: Mr.Nizar Jouini Publisher: International Monetary Fund ISBN: 1484397975 Category : Business & Economics Languages : en Pages : 43
Book Description
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of entry-sunk costs. Hence, liberalization is treated assuming a government's policy decision aimed at reducing those costs. Then, we estimate the model using Bayesian techniques for Tunisia and the Euro Area. The paper presents a precise quantitative evaluation of services trade barriers as the difference between entry-sunk costs in Tunisia versus the Euro Area. We find significant welfare benefits in addition to aggregate and sectoral growth gains the Tunisian economy could attain following services liberalization. Surprisingly, the goods sector is the one that benefits the most from services liberalization in the short- and long-term horizons.
Author: Aaditya Mattoo Publisher: World Bank Publications ISBN: 1464815542 Category : Political Science Languages : en Pages : 768
Book Description
Deep trade agreements (DTAs) cover not just trade but additional policy areas, such as international flows of investment and labor and the protection of intellectual property rights and the environment. Their goal is integration beyond trade or deep integration. These agreements matter for economic development. Their rules influence how countries (and hence, the people and firms that live and operate within them) transact, invest, work, and ultimately, develop. Trade and investment regimes determine the extent of economic integration, competition rules affect economic efficiency, intellectual property rights matter for innovation, and environmental and labor rules contribute to environmental and social outcomes. This Handbook provides the tools and data needed to analyze these new dimensions of integration and to assess the content and consequences of DTAs. The Handbook and the accompanying database are the result of collaboration between experts in different policy areas from academia and other international organizations, including the International Trade Centre (ITC), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and World Trade Organization (WTO).
Author: OECD Publisher: OECD Publishing ISBN: 9264100431 Category : Languages : en Pages : 168
Book Description
Amongst other issues, the papers in this volume explore fundamental issues for empirical research on trade in services. It highlights the specific data requirements and conceptual challenges for modelling liberalisation of services.
Author: Ludger Schuknecht Publisher: World Bank Publications ISBN: Category : Financial services industry Languages : en Pages : 48
Book Description
The authors examine the determinants of market access commitments in international financial services trade in the General Agreement on Trade in Services (GATS). Based on a theoretical model, they investigate empirically the role of domestic political economy forces, international bargaining considerations, and the state of complementary policy. The empirical results confirm the relevance of the authors' model in explaining banking and (to a somewhat lesser degree) securities services liberalization commitments. The findings imply that those who seek greater access to developing country markets for financial services must do more to counter protectionism at home in areas of export interest for developing countries.
Author: Sarbajit Chaudhuri Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
The paper reexamines the conventional results relating to inflow of foreign capital, removal of protectionism and structural reform programmes, in a small open economy in terms of a two-sector general equilibrium model with an informal sector. The paper shows that in the presence of labor market distortion and a protectionist policy, inflow of foreign capital may be desirable irrespective of the pattern of trade of the economy due to its favorable impact on welfare. But the welfare implications of tariff reductions and/or structural adjustment program like deregulating the formal sector labor market depend crucially on the economy's trade pattern. The paper provides answer to the question as to whether in a developing economy labor market reform and tariff reform should go hand in hand or one should precede the other for welfare improvement.
Author: Teressa Belete Publisher: LAP Lambert Academic Publishing ISBN: 9783659228469 Category : Languages : en Pages : 104
Book Description
The contribution of service sector to the development of both developed and developing economies is increasing from time to time.However, service sector trade reforms are very limited, especially in developing countries, which affects the efficiency of the sector. Accordingly, Ethiopia has requested to access World Trade Organization in 2003 and the membership request is still underway. Thus, this book gives the macro level policy inputs for the countries membership request.The study has employed both qualitative and quantitative methods of analysis.The qualitative analysis is mainly evaluating the compatibility of the country's service sector policy with GATS principles and concludes that it increases welfare in competitive service sub-sectors.While the qualitative analysis is made using CGE Model and shows that the country derives high welfare gain from liberalizing its service sector.The comparison of welfare gained under goods and services trade liberalization shows that the welfare is high in the former case.The book is useful for any reader including researchers working on trade, academicians, and stu
Author: Aaditya Mattoo Publisher: Oxford University Press ISBN: 019923521X Category : Business & Economics Languages : en Pages : 675
Book Description
This title provides a comprehensive introduction to the key issues in trade and liberalization of services. Providing a useful overview of the players involved, the barriers to trade, and case studies in a number of service industries, this is ideal for policymakers and students interested in trade.
Author: Romain Wacziarg Publisher: Edward Elgar Publishing ISBN: 9781788111492 Category : Free trade Languages : en Pages : 0
Book Description
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.
Author: Mr.Nizar Jouini
Author: Mr.Nizar Jouini
Author: Bernard M. Hoekman
Author: Mr.Nizar Jouini
Author: Aaditya Mattoo
Author: OECD
Author: Ludger Schuknecht
Author: Sarbajit Chaudhuri
Author: Teressa Belete
Author: Aaditya Mattoo
Author: Romain Wacziarg