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The Welfare Implications of Services Liberalization in a Developing Country

2013-05-15 Business & Economics
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Release : 2013-05-15
Genre : Business & Economics
Kind : eBook
Book Rating : 975/5 ( reviews)

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Book Synopsis The Welfare Implications of Services Liberalization in a Developing Country by : Mr.Nizar Jouini

Download or read book The Welfare Implications of Services Liberalization in a Developing Country written by Mr.Nizar Jouini. This book was released on 2013-05-15. Available in PDF, EPUB and Kindle. Book excerpt: We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of entry-sunk costs. Hence, liberalization is treated assuming a government's policy decision aimed at reducing those costs. Then, we estimate the model using Bayesian techniques for Tunisia and the Euro Area. The paper presents a precise quantitative evaluation of services trade barriers as the difference between entry-sunk costs in Tunisia versus the Euro Area. We find significant welfare benefits in addition to aggregate and sectoral growth gains the Tunisian economy could attain following services liberalization. Surprisingly, the goods sector is the one that benefits the most from services liberalization in the short- and long-term horizons.

Liberalizing Trade in Services

2006 Acuerdos comerciales
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Release : 2006
Genre : Acuerdos comerciales
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Liberalizing Trade in Services by : Bernard M. Hoekman

Download or read book Liberalizing Trade in Services written by Bernard M. Hoekman. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Since the mid 1980s a substantial amount of research has been undertaken on trade in services. Much of this is inspired by the World Trade Organization or regional trade agreements, especially the European Union, but an increasing number of papers focus on the impacts of services sector liberalization. This paper surveys the literature, focusing on contributions that investigate the determinants of international trade and investment in services, the potential gains from greater trade (and liberalization), and efforts to cooperate to achieve such liberalization through trade agreements. It concludes that there is increasing evidence that services liberalization is an important source of potential welfare gains, but relatively little research has been done that can inform the design of international cooperation-both trade agreements and development assistance-so as to more effectively promote development objectives.

Handbook of Deep Trade Agreements

2020-09-23 Political Science
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Release : 2020-09-23
Genre : Political Science
Kind : eBook
Book Rating : 542/5 ( reviews)

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Book Synopsis Handbook of Deep Trade Agreements by : Aaditya Mattoo

Download or read book Handbook of Deep Trade Agreements written by Aaditya Mattoo. This book was released on 2020-09-23. 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).

Quantifying the Benefits of Liberalising Trade in Services

2003-06-04
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Release : 2003-06-04
Genre :
Kind : eBook
Book Rating : 431/5 ( reviews)

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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. This book was released on 2003-06-04. 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.

Explaining Liberalization Commitments in Financial Services Trade

2003 Financial services industry
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Release : 2003
Genre : Financial services industry
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Book Synopsis Explaining Liberalization Commitments in Financial Services Trade by : Ludger Schuknecht

Download or read book Explaining Liberalization Commitments in Financial Services Trade written by Ludger Schuknecht. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: The authors examine the determinants of market access commitments in international financial services trade in the General Agreement on Trade in Services (GATS). Based on a theoretical model, they investigate empirically the role of domestic political economy forces, international bargaining considerations, and the state of complementary policy. The empirical results confirm the relevance of the authors' model in explaining banking and (to a somewhat lesser degree) securities services liberalization commitments. The findings imply that those who seek greater access to developing country markets for financial services must do more to counter protectionism at home in areas of export interest for developing countries.

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