|
AgEcon Search >
University of Minnesota >
Economic Development Center >
Bulletins >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/7473
|
| Title: | Dynamic Gains and Losses from Trade Reform: An Intertemporal General Equilibrium Model of the United States and MERCOSUR |
| Authors: | Diao, Xinshen
Somwaru, Agapi |
| Issue Date: | 1996 |
| Series/Report no.: | Bulletin 96-3 |
| Abstract: | An intertemporal general equilibrium model of the United States and MERCOSUR is created
to analyze the dynamic adjustments in both regions' commodity and capital markets after trade
liberalization. Simulation results show that tariff reductions initiated by MERCOSUR have small
positive effects on the U.S. production, trade, consumption and investment, and stimulates
MERCOSUR's growth, and improves its current account. If tariffs are eliminated by both regions,
both regions are better off from points of intertemporal social welfare, international trade, domestic
investment, and growth. Agriculture benefits more from trade reform, which implies that ruralagricultural
sector might have been a victim of trade protection policies. |
| URI: | http://purl.umn.edu/7473 |
| Institution/Association: | University of Minnesota>Economic Development Center>Bulletins |
| Total Pages: | 47 |
| Language: | English |
| Collections: | Bulletins
|
Files in This Item:
| File |
Size | Format |
|---|
| edc96-03.pdf | 2114Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
