Applied Trade Policy Modeling in 16 Countries

Applied Trade Policy Modeling in 16 Countries
Author: David G Tarr
Publsiher: World Scientific
Total Pages: 548
Release: 2014-04-22
Genre: Political Science
ISBN: 9789814551441

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This book focuses on the World Bank projects, led by the author, based on computable general equilibrium models of international trade policy. The chapters show an unusual combination of policy relevance, advice and impact, with academic rigor and international trade theory insights. The author discusses some of the policy contexts for the requests from developing and transition countries to the World Bank, the key trade theory or policy insights, policy recommendations and conclusions, and the policy impacts. Contents:Introduction and OverviewTrade Policy: Quantitative Restraints, Foreign Exchange Surrender and Uniformity:Welfare Costs of US Quotas in Textiles, Steel and Autos (J de Melo and D G Tarr)Reforming Hungarian Agricultural Trade Policy: A Quantitative Evaluation (M Morkre and D G Tarr)Second-Best Foreign Exchange Policy in the Presence of Domestic Price Controls and Export Subsidies (D G Tarr)Trade Reform in the Partially Liberalized Economy of Turkey (G W Harrison, T F Rutherford and D G Tarr)Evaluating the Impact of Services and FDI with Endogenous Productivity Effects:The Impact of Liberalizing Barriers to Foreign Direct Investment in Services: The Case of Russian Accession to the World Trade Organization (J Jensen, T F Rutherford and D G Tarr)Regional Impacts of Liberalization of Barriers against Foreign Direct Investment in Services: The Case of Russia's Accession to the WTO (T F Rutherford and D G Tarr)Impact of Local Content Restrictions and Barriers Against Foreign Direct Investment in Services: The Case of Kazakhstan's Accession to the WTO (J Jensen and D G Tarr)Modeling Services Liberalization: The Case of Tanzania (J Jensen, T F Rutherford and D G Tarr)Trade and Poverty:Trade Policy and Poverty Reduction in Brazil (G W Harrison, T F Rutherford, D G Tarr and A Gurgel)Trade Liberalization, Poverty and Efficient Equity (G W Harrison, T F Rutherford and D G Tarr)Poverty Effects of Russia's WTO Accession: Modeling “Real” Households with Endogenous Productivity Effects (T F Rutherford and D G Tarr)Trade, Exchange Rate and Energy Pricing Reform in Iran: Potentially Large Efficiency Effects and Gains to the Poor (J Jensen and D G Tarr)Regionalism:Trade Policy Options for Chile: The Importance of Market Access (G W Harrison, T F Rutherford and D G Tarr) Readership: Students and the general public who are interested to learn about the key trade theories or policy insights of World Bank projects, policy recommendations and their impact. Keywords:International Trade Policy;Developing Countries;Computable General Equilibrium;World Bank;Regional Trade Policy;Services Liberalization;Foreign Direct Investment;Trade and PovertyKey Features:Cover computable general equilibrium modeling of trade policy in a wide range of countries and of the wide range of trade policy issues combined with the policy context and policy advice discussionAn unusual combination of policy relevance, advice and impact, with academic rigor and international trade theory insightsThe author has virtually incomparable experience in providing trade policy advice to more than 25 countries on behalf of the World Bank

Modeling Developing Countries Policies In General Equilibrium

Modeling Developing Countries  Policies In General Equilibrium
Author: De Melo Jaime
Publsiher: World Scientific
Total Pages: 556
Release: 2015-02-26
Genre: Business & Economics
ISBN: 9789814494823

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Policies affecting resource allocation across tradable sectors and those affecting the incentives to produce tradable activities are key determinants of macroeconomic balance and growth. Computable general equilibrium models have made significant contributions to both types of policies. With advancements in computing power and software, these models have become easy to implement and are now widespread. The question then is when and how to formulate them to avoid the ‘black box’ syndrome.This book seeks to address these issues through carefully selected essays that analyse how to model general equilibrium linkages in a single economy, across developing and developed economies, and across both micro and macro policies. Micro policies examined include tariffs quotas and VERs, the choice of taxes to maximize government revenue, migration and remittances, and the political economy of tariff setting. Applications on macro policies cover capital inflows, real exchange rate determination, and the modeling of the effects of adjustment policies on income distribution.The book provides insights on the development of a family of models for diverse policy choices, focusing on the ways to model the following: links between tradable and non-tradable activities, labor markets, and portfolio choices given limited capital mobility. Selected essays are all inspired by specific policy problems, including the adaptation to external shocks (i.e. oil), consequences of capital inflows, determinants of migration and associated remittances, the productivity of foreign aid, and rent-seeking activities under trade regimes with non-price trade restrictions. Examples in this book lay out the theoretical foundations, alongside a variety of applications, to help formulate coherent and transparent models for policy analysis. Archetype economies are extensively used to show how differences in economic structure influence the effects of policies. Graduate students and policy analysts interested in modeling will find this a useful compendium of studies.

Trade Policy in Asia

Trade Policy in Asia
Author: Christopher Findlay,Hildegunn Kyvik Nordas,Gloria Pasadilla
Publsiher: World Scientific
Total Pages: 424
Release: 2014-04-25
Genre: Business & Economics
ISBN: 9789814590211

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Education and media services have much in common. Both provide services that embody local cultures, in which there is extensive public sector participation and significant domestic regulation. At the same time, both are dramatically affected by the information and communications technology revolution. The production of information content now involves huge costs in terms of research and development or artistic talent, whilst the cost of making such products available to other consumers is very low. This in turn challenges the effectiveness of domestic regulation and raises fundamental questions about its purpose, calling for an increased scope for international trade and investment, and the development of supply chains. Yet, both areas are lightly committed in international trade agreements like the GATS. This lack of commitment and the lack of additional impact from negotiations in bilateral discriminatory trade agreements are cross-cutting themes in the book. Trade Policy in Asia responds to these issues to provide readers with a comprehensive and consistent treatment of policy in the higher education and media services sector across a range of Asian economies little studied in the existing literature. The book opens the discussion with an overview of global trends in each area, followed by detailed, country-specific studies. Through comparative work, it identifies common elements across these sectors and highlights critical implications for trade policy. Education services themes include the growth and impediments involved in various forms of trade and investment; the emergence of a ‘new wave’ of globalization; obstacles faced by domestic providers in supplying services; a common ambition to become an education services hub for international students; and the scope for greater international cooperation in research. Media services themes include the impact of new technology on options for content delivery and the associated problems for policy implementation and copyright protection, and the new challenges of globalization for social goals relating to local cultures, as well as risks involved in implementing policies that pursue these goals. Errata(s) Errata (23 KB) Contents:Overview (Christopher Findlay, Hildegunn Kyrik Nordas, and Gloria Pasadilla)From Cross-Border Higher Education to Trade in Education Services (Stéphan Vincent-Lancrin)Regulating Higher Education Services in the People's Republic of China (Xingde Zhu)Trade and Investment in Higher Education Services in Hong Kong, China (Jane Drake-Brockman)International Transactions in Tertiary Education Services: The Case of Japan (Shintaro Hamanaka)Trade Liberalization and Domestic Regulations: Implications for Malaysia as a Regional Education Hub (Siew Yean Tham)Internationalization of Tertiary Education Services in Singapore (Mun-Heng Toh)Audiovisual Services: International Trade and Cultural Policy (Gillian Doyle)Audiovisual Services in India (Arpita Mukherjee)Audiovisual Services in the Republic of Korea: Market Development and Policies (Yeongkwan Song) Readership: Postgraduates, researchers, academics, policymakers, and professionals interested in Asian business, Asian economics, international economics and developmental economics. Key Features:Comprehensive and consistent treatment of policy in the higher education and media services sectorsCaptures the value of comparative work through identifying common elements across both sectors and highlighting critical trade policy implicationsReviews regulations and policies affecting trade and investment in education and media services in various Asian economies, in the context of their lack of commitment to international tradeKeywords:Services Trade;Higher Education;Information Technology;Audiovisual Services;Media;Domestic Regulations;Trade Liberalization;China;Japan;Malaysia;Singapore;India;Korea;ADBI;OECD

Trade Policy in Asia Higher Education and Media Services

Trade Policy in Asia  Higher Education and Media Services
Author: OECD,Asian Development Bank Institute
Publsiher: OECD Publishing
Total Pages: 426
Release: 2014-06-05
Genre: Electronic Book
ISBN: 9789264215061

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This book provides readers with a comprehensive and consistent treatment of trade policy in the higher education and media services sector across a range of Asian economies.

International Trade Distribution and Development

International Trade  Distribution and Development
Author: Paul Brenton
Publsiher: World Scientific
Total Pages: 432
Release: 2014-08-18
Genre: Business & Economics
ISBN: 9789814603393

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International Trade, Distribution and Development brings together a collection of papers that have sought to assess empirically the impacts of policy measures affecting trade. The carefully selected papers analyze the impact of trade barriers and their removal, with a focus on distributional consequences and economic development. Grounded in rigorous empirical analysis, this book covers a range of policy issues such as impacts of trade on wages, non-tariff barriers, trade preferences, export survival and carbon labelling. An invaluable reference for readers seeking to understand the impact of trade policies, the book also seeks to shed light on future research, especially for research on developing countries. Contents:Introduction and Overview (Paul Brenton)Modelling the Impacts of Trade Barriers and FDI Flows:Quantifying the Economic Effects of Non-Tariff Barriers: The Case of UK Footwear (Alan Winters and Paul Brenton)Voluntary Export Restraints and Rationing: U.K. Leather Footwear Imports from Eastern Europe (Paul Brenton and Alan Winters)Anti-Dumping Policies in the EU and Trade Diversion (Paul Brenton)The Potential Trade Effects of an FTA Between the EU and Russia (Paul Brenton, Natalia Tourdyeva, and John Whalley)Technical Barriers to Trade in the European Union: Importance for Accession Countries (Paul Brenton, John Sheehy, and Marc Vancauteren)Economic Integration and FDI: An Empirical Analysis of Foreign Investment in the EU and in Central and Eastern Europe (Paul Brenton, Francesca Di Mauro, and Matthias Lücke)Assessing the Adjustment Implications of Trade Policy Changes Using the Tariff Reform Impact Simulation Tool (TRIST) (Paul Brenton, Christian Saborowski, Cornelia Staritz, and Erik von Uexkull)Trade, Wages and Adjustment:Outsourcing and Low-Skilled Workers in the UK (Robert Anderton and Paul Brenton)What's Trade Got to Do with It? Relative Demand for Skills Within Swedish Manufacturing (Robert Anderton, Paul Brenton, and Eva Oscarsson)Trends in Disaggregated Import and Export Prices in Europe: Implications for the Trade and Wages Debate (Paul Brenton and Anna Maria Pinna)Adjustment to Globalisation: A Study of the Footwear Industry in Europe (Paul Brenton, Anna Maria Pinna, and Marc Vancauteren)Trade and Development:Integrating the Least Developed Countries into the World Trading System: The Current Impact of EU Preferences Under ‘Everything But Arms’ (Paul Brenton)Making EU Trade Agreements Work: The Role of Rules of Origin (Paul Brenton and Miriam Manchin)Watching More than the Discovery Channel to Diversify Exports (Paul Brenton and Richard Newfarmer)The Life and Death of Trade Flows: Understanding the Survival Rates of Developing Country Exporters (Paul Brenton, Martha Denisse Pierola, and Erik von Uexkull)What Explains the Low Survival Rate of Developing Country Export Flows? (Paul Brenton, Christian Saborowski, and Erik von Uexkull)Product Specific Technical Assistance for Exports — Has It Been Effective? (Paul Brenton and Erik von Uexkull)Carbon Labelling and Low-Income Country Exports: Review of the Development Issues (Paul Brenton, Gareth Edwards-Jones, and Michael Friis Jensen) Readership: Postgraduates, researchers, academics, and policymakers interested in international economics, developmental economics and globalization. Key Features:Covers a range of policy issues including the impacts of trade on wages, non-tariff barriers, economic development and carbon labellingExplores the impact of trade policies grounded in rigorous empirical analysisKeywords:Trade;Economic Development;Empirical Studies;Modelling

Developing Countries In The World Economy

Developing Countries In The World Economy
Author: Jaime De Melo
Publsiher: World Scientific
Total Pages: 634
Release: 2015-03-26
Genre: Business & Economics
ISBN: 9789814494915

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Differences in the choices of trade and macro policies, both by developing countries and by developed countries towards developing countries, have been critical in determining the overall performance of developing countries. All too often, the performance of developing countries has not been assessed using appropriately conducted studies. The papers in this book are chosen to bridge this gap and show how a quantitative approach to policy evaluation can help resolve controversies and explain the choice of observed policies.The book brings together carefully selected papers that assess the impacts of various trade and macro policies, by quantifying the policies of developing countries at the macro level (exchange rate, investment, savings) and at the sector level (trade and industrial policies), in addition to policies of developed countries towards developing countries (trade preferences, quotas, VERs and migration policies). Facets of the political economy of trade, migration, and climate policies are explored (such as the enlargement of the EU, the rise of regionalism and how it can ease the pains of adjustment to trade liberalization, openness and inequality). Growing tensions between trade and the environment are also investigated. In short, this book covers a wide area of events ranging from external and internal shocks to external and internal policies, showing how the consequences of these events can be brought to rigorous quantitative analysis.

Evolving Patterns in Global Trade and Finance

Evolving Patterns in Global Trade and Finance
Author: Sven W Arndt
Publsiher: World Scientific
Total Pages: 348
Release: 2014-07-18
Genre: Business & Economics
ISBN: 9789814603423

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In Evolving Patterns in Global Trade and Finance, Professor Sven W Arndt offers succinct and rigorous explanations of important developments in trade, finance and international monetary relations. Topics include economic and monetary integration, cross-border production networks, and stabilization policy in orthodox and mixed exchange-rate regimes. The theoretical framework developed in this volume provides critical assessments of existing policies and practices, develops theoretical foundations for new and emerging patterns in trade and finance, and evaluates how well economists and policy makers are dealing (or have dealt) with the challenges they face. Readers will find the most in-depth and comprehensive discussion of international production networks (“off-shoring”), a detailed analysis of the implications for US economic stability and policy autonomy of its unorthodox exchange rate regime of fixed and floating rates, and insights into the causes of recent economic and financial turmoil in the global economy. Contents:Part I: Beyond the Standard Trade Model:Free Trade and Its AlternativesOn Discriminatory vs. Non-Preferential Tariff PoliciesCustoms Union and the Theory of TariffsDomestic Distortions and Trade PolicyPart II: Fragmentation and Cross-Border Production Networks:FragmentationSuper-Specialization and the Gains from TradeGlobal Production Networks and Regional IntegrationProduction Networks in an Economically Integrated RegionTrade Diversion and Production SharingProduction Networks, Exchange Rates and Macroeconomic StabilityTrade, Production Networks and the Exchange RateIntra-Industry Trade and the Open EconomyFragmentation, Imperfect Competition and Heterogeneous FirmsPart III: Macro Policy Challenges in Open Economies:Policy Choices in an Open Economy: Some Dynamic ConsiderationsJoint Balance: Capital Mobility and the Monetary System of a Currency AreaInternational Short-Term Capital Movements: A Distributed Lag Model of Speculation in Foreign ExchangeRegional Currency Arrangements in North AmericaAdjustment in an Open Economy with Two Exchange-Rate RegimesStabilization Policy in an Economy with Two Exchange Rate RegimesPolicy Challenges in a Dual Exchange Rate RegimeThe "Great Moderation" in a Dual Exchange Rate Regime Readership: Advanced economics undergraduates and graduate students; academic researchers in both trade and open economy macroeconomics and international finance. Key Features:Offers the most complete and comprehensive analysis of “off-shoring” and international production networksPays serious attention to the existence of distortions and anti-competitive elements that threaten the ability of markets to function properlyAddresses weaknesses in current exchange rate arrangements that may contribute to global economic and financial instabilityKeywords:Preferential Trade Areas;Fragmentation;Cross-Border Production Networks;Off-Shoring;Currency Areas and Monetary Union;Single vs. Dual-Exchange Rate Regimes;Stabilization Policy in Open Economies;International Monetary Relations

The Path Of World Trade Law In The 21st Century

The Path Of World Trade Law In The 21st Century
Author: Charnovitz Steve
Publsiher: World Scientific
Total Pages: 796
Release: 2014-11-07
Genre: Law
ISBN: 9789814513265

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The advent of the World Trade Organization (WTO) in 1995 transformed international economic law for states, enterprises, and nongovernmental organizations. This book analyzes how the WTO is changing the path of international trade law and examines the implications of these trends for the world economy and the global environment. Containing 18 essays published from 1999 to 2011, the book illuminates several of the most complex issues in contemporary trade policy. Among the topics covered are: Is there a normative theory of the WTO's purpose? Can constitutional theory provide guidance to keep the WTO's levers in balance? Should the WTO use trade sanctions for enforcement? What can the WTO do to enhance sustainable development and job creation?