GTAP Resources: Resource Display
| GTAP Resource #1341 |
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"Trade Liberalization, product variety and growth in a small open economy: a quantitative assessment" by Tarr, David G. and Thomas Rutherford Abstract We develop a numerical growth model that quantifies the welfare effects of trade liberalization. Additional intermediate input varieties provide the engine of growth and dramatically magnify the welfare gains from trade liberalization. In our central model, a ten percent tariff cut leads to a 10.6 percent estimated gain in Hicksian EV. Systematic sensitivity analysis shows that there is virtually no chance of a welfare increase less than three percent, but a 6.6 percent chance of a welfare gain greater than 18 percent. We show that complementary reforms are crucial to fully realize the potential gains from the trade reform. Available as the journal article at http://www.sciencedirect.com/science/journal/00221996 |
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- Economic growth |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  GTAP Resource 1341 (2.1 MB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
