This paper provides new evidence on the impacts of trade reforms on wages. Instead of achieving identification by comparing industrial wages before and after one episode of trade liberalization, our strategy exploits the recent historical record of policy changes adopted by Argentina: from significant protection in the early 1970s, to the first episode of liberalization during the late 1970s, b...

Nat iona l and international economic policy has usually ignored the environment. In areas where the environment is beginning to impinge on policy, as in the General Agreement on Tariffs and Trade (GATT) and the North American Free Trade Agreement (NAFTA), it remains a tangential concern, and the presumption is often made that economic growth and economic liberalization (including the liberaliz...

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-...

Computable general equilibrium (CGE) models of world trade, often presented as demonstrating the benefits of trade liberalization, now make much more modest forecasts than they did just a few years ago. The estimated benefits are not only small in the aggregate, but also skewed toward developed countries; the expected contribution of trade liberalization to economic development and poverty alle...

The arguments in favor of trade liberalization are well known: it promotes the efficient allocation of resources through comparative advantage, allows the dissemination of knowledge and technological progress, and encourages competition. Trade liberalization is likely to have a major impact on the lives of poor children and their families. Although this effect may be positive in the long run, t...

The liberalization of world trade has led to a significant increase in agricultural trade, which brought light various environmental externalities, including climate change, deforestation, and water pollution. While economic studies tend overlook the effects liberalization, recent research shown growing interest related aspects. As such, it is crucial conduct comprehensive analysis impacts libe...

Financial sector is one of the most influential sectors in economic activities. Empirical and theoretical studies conducted in recent years have also confirmed the significant role of financial institutions in economic growth. Additionally, trade and financial liberalization policies have been particular concerned with strategic policies in developed and developing countries. According to dynam...

There are several ways to reduce GHG emissions. Governments may introduce climate policies which provide incentives to save energy or directly reduce emissions. Governments may also re-shape existing industrial or trade policies to reduce their negative impacts on GHG emissions. The case of trade policies is particularly interesting. Trade liberalization can foster economic development, thus in...