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GTAP Resources: Resource Display

GTAP Resource #3319

"Trade and income effects of policy measures taken in response to the economic crisis"
by van Tongeren, Frank


Abstract
This paper uses stylized GTAP simulations to analyze the trade- and income effects of different policy measures taken in 2008/09 in response to the economic crisis. The analysis concentrates on behind-the-border measures that are part of massive fiscal stimulus packages, but also looks into direct trade policy instruments. The paper presents a taxonomy of measures according to there first point of incidenc and carries out a number of stylized simulations to trace their trade- and income effects. Some new border measures in the wake of the crisis are reported by the WTO, but they cover at most 1 per cent of pre-crisis trade levels and they have not been major elements in the policy response. Trade effects of behind-the border measures are of more concern, but evidently less visible than border measures.When designing the economic stimulus packages trade effects may not have been amongst the primary concerns of policy makers, but some aspects of these packages are more trade-friendly than others, and they have potentially more structural impacts.


Resource Details (Export Citation) GTAP Keywords
Category: 2010 Conference Paper
Status: Published
By/In: Presented at the 13th Annual Conference on Global Economic Analysis, Penang, Malaysia
Date: 2010
Version:
Created: van Tongeren, F. (4/15/2010)
Updated: van Tongeren, F. (4/15/2010)
Visits: 1,203
- Domestic policy analysis
- Economic growth


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