Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Examining the effects of trade liberalization on agricultural sector is an interesting empirical question. This paper provides a quantitative assessment of the trade policy impacts on agricultural sector growth in Sri Lanka based on the nati...

At the 1994 APEC summit in Bogor, Indonesia, it was recommended that trade and investment barriers among the member countries be removed by 2020. Despite general consensus that trade liberalization would accelerate development in this most dynamic trading area, there is very little empirical evidence about the adjustment process which would ensue. In this chapter, a ten-country CGE model is use...

according to the recent literature, the expansion of intra-industry trade increases the intra-industrial excess job reallocation. based on lovely and nelson (2002), this study examined the hypothesis that marginal intra-industry trade has a positive effect on the excess job reallocation in iranian industries. therefore, we have employed a panel technique for iranian manufacturing industries at ...

liberalization of international markets affects level of pollution in developing countries more than in developed countries. therefore the impact of trade liberalization on environmental pollution is a challenge for policy makers. in this paper auto regressive distributed lags (ardl) and error correction model (ecm) methods are employed for a study of the relationship between trade liberalizati...

To understand the potential impacts of China’s accession to WTO in her new de-sulphur policy (reduction of 10% of SO2 emission in 2005 with respect to that of 2000), we construct a CGE model in which the SO2 emission is linked directly to energy intermediary consumption in production. The positive externality of trade on China’s economy is also included. This model is then calibrated into a 55-...

We study how …nancial frictions and the saving rate shape the long-run e¤ects of trade liberalization on income, consumption and the distribution of wealth in …nancially underdeveloped economies. In our model, regardless of whether the capital account is open or not, trade liberalization reduces the share of wealth in the hands of entrepreneurs and may well reduce steady state consumption and i...

Measuring development, growth and welfare is an important issue in normative and positive economics.The issue is more critical in developing economies where a good statistical indicator of income, livingstandard or poverty is crucial for decision-makers in corporate, government, non-government andinternational organizations in their for-profit or non-profit plans to promote business and trade, ...

T agreement to create a General Agreement on Trade in Services (GATS) was one of the major innovations to emerge from the Uruguay round. Trade in services was not covered by the 1947 General Agreement on Tariffs and Trade (GATT), even though such trade had always accounted for a non-trivial share of the foreign exchange earnings (expenditures) of many countries. The best estimates available sug...

Economists tend to exalt the virtues of free international trade, while politicians are more skeptical. This paper suggests that this is the case because politicians mainly worry about the income distribution effects of trade liberalization, while economists focus on efficiency. Using textbook economic analyses we show that compensating the income distribution effects of free trade may be more ...

The Trans-Pacific Partnership Agreement (TPPA) involves twelve Pacific Rim economies of varying sizes and structures. Although often portrayed as a free trade agreement, the TPPA can, at best, be expected to deliver paltry overall growth gains from trade liberalization. The much higher figures touted by TPPA advocates are largely due to dubious ‘non-trade measures’, most of which have been reje...