Trade and Capital Flows: Mirage-d
نویسنده
چکیده
In the MIRAGE trade policy simulation model, country current account balances are kept constant relative to world GDP, at their base year values, for the whole simulation period. Such a specification imposes no limit to country international investment positions, which do not appear explicitly in the model anyway. That rather unrealistic hypothesis could have an influence on trade flows, and consequently on trade policy simulation results. The work presented here seeks to stimulate discussion on how the model could be modified in that respect, by proposing an explicit modelling of the financial domain and country international investment positions.
منابع مشابه
R&D Spillovers, Trade Integration And Expansion Of Trade Flows In East- West Asia And Pacific
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