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Trade Reforms And Welfare
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Book Synopsis Trade Reforms and Welfare by : Aylin Isik-Dikmelik
Download or read book Trade Reforms and Welfare written by Aylin Isik-Dikmelik and published by World Bank Publications. This book was released on 2006 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the impact of trade reforms on household welfare. In particular, it studies the importance of each of the links that together constitute the impact using data from the Vietnamese experience in the 1990s. The implementation of trade reforms in the 1990s, most noteworthy of which was the liberalization of rice, resulted in substantial improvement in welfare as evidenced by the drastic decline in poverty. Using analytical and empirical methods, the author examines the role of each channel (direct versus indirect) in this improvement for different groups of households. Results indicate that the growth has been broad based and pro-poor. Poorer households experienced more growth for each and every group analyzed. And contrary to the standard literature, net buyer households had more growth compared with net sellers, emphasizing the importance of indirect links. Decomposition of the growth shows that for rural households, both the direct effect and the multiplier effect drive growth while the multiplier effect was key in urban areas. The importance of the secondary effects underscores the need for a broader model to estimate the impact of trade reforms fully.
Book Synopsis Trade Reforms and Welfare by : Aylin Isik-Dikmelik
Download or read book Trade Reforms and Welfare written by Aylin Isik-Dikmelik and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the impact of trade reforms on household welfare. In particular, it studies the importance of each of the links that together constitute the impact using data from the Vietnamese experience in the 1990s. The implementation of trade reforms in the 1990s, most noteworthy of which was the liberalization of rice, resulted in substantial improvement in welfare as evidenced by the drastic decline in poverty. Using analytical and empirical methods, the author examines the role of each channel (direct versus indirect) in this improvement for different groups of households. Results indicate that the growth has been broad based and pro-poor. Poorer households experienced more growth for each and every group analyzed. And contrary to the standard literature, net buyer households had more growth compared with net sellers, emphasizing the importance of indirect links. Decomposition of the growth shows that for rural households, both the direct effect and the multiplier effect drive growth while the multiplier effect was key in urban areas. The importance of the secondary effects underscores the need for a broader model to estimate the impact of trade reforms fully.
Book Synopsis Trade Policy, Income Risk and Welfare by : Tom Krebs
Download or read book Trade Policy, Income Risk and Welfare written by Tom Krebs and published by World Bank Publications. This book was released on 2005 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk parameters in various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the relationship between trade policy and income risk. Finally, a simple dynamic incomplete-market model is used to assess the corresponding welfare costs. In the implementation of this methodology using Mexican data, we find that trade policy changes have a significant short run effect on income risk. Further, while the tariff level has an insignificant mean effect, it nevertheless changes the degree to which macroeconomic shocks affect income risk"--NBER website
Book Synopsis Trade Reform and Household Welfare by : Elena Ianchovichina
Download or read book Trade Reform and Household Welfare written by Elena Ianchovichina and published by World Bank Publications. This book was released on 1999 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Results from a two-step simulation that uses a computable general equilibrium model and detailed consumption and income household data suggests that trade liberalization benefits people in the poorest deciles more than those in the richer ones.
Book Synopsis Trade Reform and Household Welfare by : Elena Ianchovichina
Download or read book Trade Reform and Household Welfare written by Elena Ianchovichina and published by . This book was released on 2016 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: August 2001Results from a two-step simulation that uses a computable general equilibrium model and detailed consumption and income household data suggest that trade liberalization benefits people in the poorest deciles more than those in the richer ones.Ianchovichina, Nicita, and Soloaga use a two-step, computationally simple procedure to analyze the effects of Mexico's potential unilateral tariff liberalization. First, they use a computable general equilibrium model provided by the Global Trade Analysis Project (GTAP) as the new price generator. Second, they apply the price changes to Mexican household data to assess the effects of the simulated policy on poverty and income distribution.By choosing GTAP as the price generator, the authors are able to model Mexico's differential tariff structure appropriately: almost zero for North American Free Trade Agreement (NAFTA) members and higher tariffs for nonmembers. Even starting with low tariff protection, simulation results show that tariff reform will have a positive effect on welfare for all expenditure deciles. Under an assumption of nonhomothetic individual preferences, trade liberalization benefits people in the poorer deciles more than those in the richer ones.This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study the effects of trade policy on poverty. The authors may be contacted at [email protected], [email protected], or [email protected].
Book Synopsis Welfare Impact of Trade Liberalization by : Sang-Wook (Stanley) Cho
Download or read book Welfare Impact of Trade Liberalization written by Sang-Wook (Stanley) Cho and published by . This book was released on 2017 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper constructs a static Applied General Equilibrium Model and analyzes the distributional impact of trade reforms. To calibrate our model, we work with the Household Expenditure Survey to disaggregate household groups by income, age, and skill intensity, and the Input-Output table to construct a Social Accounting Matrix. Our benchmark simulation looks at Slovenia joining the European Union. We then compare with two alternative scenarios: a free trade agreement between Slovenia and the EU, and an alternative fiscal arrangement of distributing tariff revenues under the EU. While trade reforms lead to falling prices in the import sector, rising production in the export sector, and improvement in aggregate welfare, the distributional impacts across household groups vary in its degree.
Book Synopsis Handbook of Deep Trade Agreements by : Aaditya Mattoo
Download or read book Handbook of Deep Trade Agreements written by Aaditya Mattoo and published by World Bank Publications. This book was released on 2020-09-23 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deep trade agreements (DTAs) cover not just trade but additional policy areas, such as international flows of investment and labor and the protection of intellectual property rights and the environment. Their goal is integration beyond trade or deep integration. These agreements matter for economic development. Their rules influence how countries (and hence, the people and firms that live and operate within them) transact, invest, work, and ultimately, develop. Trade and investment regimes determine the extent of economic integration, competition rules affect economic efficiency, intellectual property rights matter for innovation, and environmental and labor rules contribute to environmental and social outcomes. This Handbook provides the tools and data needed to analyze these new dimensions of integration and to assess the content and consequences of DTAs. The Handbook and the accompanying database are the result of collaboration between experts in different policy areas from academia and other international organizations, including the International Trade Centre (ITC), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and World Trade Organization (WTO).
Book Synopsis The Theory of Trade Policy Reform by : Carsten Kowalczyk
Download or read book The Theory of Trade Policy Reform written by Carsten Kowalczyk and published by Edward Elgar Publishing. This book was released on 2001 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: While its treatment of the effects of policy changes on key economic indicators is academic, the literature on theory of trade policy reform "is motivated by concrete policy challenges ... and has informed policy." Kowalczyk (international economics, Tufts U.) introduces two types of reform (concertina and radial), the main policy and analytic issues, and how these 32 articles contribute to their understanding. Reprinted from economic journals and books from 1953-94, they address eight themes: early contributions to the theory of reform; welfare effects of tax and price changes; results of reform and national welfare; world welfare and trade reform; coalitions, welfare, and trade reform; quotas, tariffs, and reform; reform of government production and revenue; and reform in multi-household economies. Lacks a subject index. c. Book News Inc.
Book Synopsis Predicting the Poverty Impacts of Trade Reform by : Thomas Warren Hertel
Download or read book Predicting the Poverty Impacts of Trade Reform written by Thomas Warren Hertel and published by World Bank Publications. This book was released on 2004 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: "An important area of research in recent years involves assessing the microeconomic implications of macro-level policies--particularly those related to international trade. While a wide range of research methodologies are available for assessing the microeconomic incidence of micro-policies, as well as for assessing the effect of macro-level policies on markets and broad groups of households, there is a gap when it comes to eliciting the disaggregated household and firm level effects of trade policies. Recent research addresses this knowledge gap and the present survey offers an overview of this literature. The preponderance of the evidence from the studies encompassed by this survey points to the dominance of earnings-side effects over consumption-side effects of trade reform. This is problematic, since household surveys are notable for their underreporting of income. From the perspective of the poor, it is the market for unskilled labor that is most important. The poverty effects of trade policy often hinge crucially on how well the increased demand for labor in one part of the economy is transmitted to the rest of the economy by way of increased wages, increased employment, or both. Further econometric research aimed at discriminating between competing factor mobility hypotheses is urgently needed. This paper--a product of the Trade Team, Development Research Group--is part of a larger effort in the group to assess the poverty impacts of trade policies"--World Bank web site.
Book Synopsis Trade Policy, Income Risk, and Welfare by : Tom Krebs
Download or read book Trade Policy, Income Risk, and Welfare written by Tom Krebs and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies empirically the relationship between trade policy and individual income risk faced by workers, and uses the estimates of this empirical analysis to evaluate the welfare effect of trade reform. The analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk parameters in various manufacturing sectors. Second, the estimated income risk parameters and data on trade barriers are used to analyze the relationship between trade policy and income risk. Finally, a simple dynamic incomplete-market model is used to assess the corresponding welfare costs. In the implementation of this methodology using Mexican data, the paper finds that trade policy changes have a significant short run effect on income risk. Further, while the tariff level has an insignificant mean effect, it nevertheless changes the degree to which macroeconomic shocks affect income risk.
Book Synopsis Who Benefited from Trade Liberalization in Mexico? by : Alessandro Nicita
Download or read book Who Benefited from Trade Liberalization in Mexico? written by Alessandro Nicita and published by World Bank Publications. This book was released on 2004 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Expected Benefits of Trade Liberalization for World Income and Development by : Antoine Bouët
Download or read book The Expected Benefits of Trade Liberalization for World Income and Development written by Antoine Bouët and published by Intl Food Policy Res Inst. This book was released on 2008-01-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Development experts often promote trade liberalization as a path to economic development and poverty alleviation. This study examines the trade models used to support such claims. The author surveys the methodologies used to assess trade liberalization’s impact and examines the extent to which assessments of impact diverge. Through careful analysis of models and their results, the author provides a more nuanced assessment of the liberalization’s possible benefits
Book Synopsis The Impact of Trade Liberalization on Household Welfare in Vietnam by : Ganesh Seshan
Download or read book The Impact of Trade Liberalization on Household Welfare in Vietnam written by Ganesh Seshan and published by World Bank Publications. This book was released on 2005 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What is the effect of trade liberalization on households in developing countries? To what extent do the poor benefit when local markets are made more accommodative to international trade? The author empirically analyzes the distributional impact of trade policies on households in a low-income country with a large rural economy where labor markets are imperfect. The methodology in this paper, which can be applied to various types of labor market conditions, relates changes in prices attributed to trade reforms to changes in household welfare, income distribution, and poverty using theoretically consistent measures of producer and consumer welfare. The author investigates the effects on poverty and income distribution of national and international market integration in Vietnam's rice sector and fertilizer market between 1993 and 1998, a period of ongoing market reforms when the national poverty rate fell sharply from 59 percent to 37 percent. ... " -- Cover verso.
Book Synopsis Trade Liberalization in China's Accession to the World Trade Organization by : Elena Ianchovichina
Download or read book Trade Liberalization in China's Accession to the World Trade Organization written by Elena Ianchovichina and published by World Bank Publications. This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's forthcoming access to the World Trade Organization involves reform in many sectors, both domestic and trade-related. The starting point for reform is a partially reformed economy with relatively high import duties, in which export sectors benefit from liberal duty exemptions on inputs. Both China and its major trading partners will gain from access - with China gaining most (perhaps half of the estimated $56 billion in annual welfare gains). Some developing countries will suffer small losses because of increased competition from China. The adjustments required are greatly reduced by China's dramatic liberalization in the 1990s.
Book Synopsis Quantifying the Benefits of Liberalising Trade in Services by : OECD
Download or read book Quantifying the Benefits of Liberalising Trade in Services written by OECD and published by OECD Publishing. This book was released on 2003-06-04 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amongst other issues, the papers in this volume explore fundamental issues for empirical research on trade in services. It highlights the specific data requirements and conceptual challenges for modelling liberalisation of services.
Book Synopsis Applied Welfare Economics, Trade, and Agricultural Policy Analysis by : G. Cornelis van Kooten
Download or read book Applied Welfare Economics, Trade, and Agricultural Policy Analysis written by G. Cornelis van Kooten and published by University of Toronto Press. This book was released on 2021 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook integrates three related fields in economics, namely agricultural/forestry economics, environmental economics, and international trade, by foregrounding cost-benefit analysis as a significant policy tool. Exploring how welfare measures can be used in the analysis of agricultural, trade, and other economic policies, Applied Welfare Economics, Trade, and Agricultural Policy Analysis fills a gap in the literature on agricultural policy analysis by explaining the economic efficiency improvements and income transfers of various agricultural policy reforms in the United States, Canada, and the European Union. G. Cornelis van Kooten addresses methods of identifying and measuring economic surpluses (costs and benefits), the precautionary principle, identification of an appropriate discount rate, the importance of non-market values, and the role of agriculture in trade negotiations and climate change. Applied Welfare Economics, Trade, and Agricultural Policy Analysis draws on new research, brings attention to the existing literature, and includes review questions that challenge programming skills. The techniques developed in this text can be applied to the development and reform of agricultural policies in various regions in response to trade negotiations and many other situations involving government policy.
Download or read book Welfare Reform written by Jeff GROGGER and published by Harvard University Press. This book was released on 2009-06-30 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Welfare Reform, Jeffrey Grogger and Lynn Karoly assemble evidence from numerous studies to assess how welfare reform has affected behavior. To broaden our understanding of this wide-ranging policy reform, the authors evaluate the evidence in relation to an economic model of behavior.
