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GTAP Resource #3000

"U.S. labor employment effects of liberalization in foreign insurance markets"
by Fukui, Tani and Marinos Tsigas

We assess the U.S. labor effects of liberalization in foreign property and casualty insurance markets. First, we estimate the effects of barriers and regulations on U.S. exports and foreign affiliate sales. We find that barriers and restrictions on U.S. insurance sales are depressing U.S. exports to those markets and foreign affiliate sales. We then simulate the effects of liberalization in those markets with a partial equilibrium model of trade and foreign direct investment. Our findings suggest that liberalization would cause U.S. labor employment by insurance companies to increase by less than 1 percent.

Resource Details (Export Citation) GTAP Keywords
Category: 2009 Conference Paper
Status: Published
By/In: Presented at the 12th Annual Conference on Global Economic Analysis, Santiago, Chile
Date: 2009
Created: Fukui, T. (4/13/2009)
Updated: Tsigas, M. (6/14/2009)
Visits: 2,169
- Trade in services
- North America

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