Modeling Trade Policy (Paperback)

Joseph F. Francois

ISBN 10: 0521087562 / ISBN 13: 9780521087568

Published by Cambridge University Press, Cambridge, 2008

About this Item

Paperback. Applied general equilibrium (AGE) models have received considerable attention and scrutiny in the public debate over the North American Free Trade Agreement (NAFTA). This collection brings together the leading AGE models that have been constructed to analyse NAFTA. A variety of approaches to modelling trade liberalization are taken in these studies, including multi-country and multi-sectoral models, models that focus on institutional features of particular sectors (agricultural, autos, steel, textiles and apparel) affecting multinational firms and rules of origin, and models with some inter-temporal structure. Further, by constructing stylized models, theoretical linkages have been identified that drive numerical results in the larger AGE models. The volume also assesses what can be learned about the likely economic effects of NAFTA from the collection of studies taken as a whole. Areas in need of further study have been highlighted. Applied general equilibrium (AGE) models have proven to be the tool of choice for analysing NAFTA. This collection contains the most important contributions to this burgeoning literature by many of the leading practitioners in the field. The volume contains a number of methodological advances in AGE modelling of trade policy. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

Seller Inventory # 9780521087568

Bibliographic Details

• Title: Modeling Trade Policy (Paperback)
• Publisher: Cambridge University Press, Cambridge
• Publication Date: 2008
• Language: English
• ISBN 10: 0521087562
• ISBN 13: 9780521087568
• Binding: Paperback
• Condition: new

About this title

Synopsis

Applied General Equilibrium (AGE) models have proven to be the tool of choice for analyzing the North American Free Trade Agreement (NAFTA). This collection contains the most important contributions to this burgeoning literature by many of the leading practitioners in the field. It also contains an extensive research survey, including comparisons of model dimensions, behavioral features, data sources, policy experiments, and main conclusions for policy. The volume contains a number of methodological advances in AGE modeling of trade policy.

Book Description

Applied general equilibrium (AGE) models have received considerable attention and scrutiny in the public debate over the North American Free Trade Agreement (NAFTA). This collection brings together the leading AGE models that have been constructed to analyze NAFTA. A variety of approaches to modeling trade liberalization are taken in these studies, including multi-country and multi-sectoral models, models that focus on institutional features of particular sectors (agricultural, autos, steel, textiles and apparel) affecting multinational firms and rules of origin, and models with some inter-temporal structure. Further, by constructing stylized models, theoretical linkages have been identified that drive numerical results in the larger AGE models. The volume also assesses what can be learned about the likely economic effects of NAFTA from the collection of studies taken as a whole. Areas in need of further study have been highlighted.