TY  - RPRT
AB  - This paper investigates the implications for the structure of the U.S. economy of a reduction in the U.S. trade deficit. We explore two alternative adjustment scenarios. First, we assume an environment of successful world trade liberalization. An alternative view is that the world economy will lapse into a protectionist environment. We use a 30-sector computable general equilibrium (CGE) model of the United States to analyze the impact of these two scenarios. When analyzing the protectionist scenario, we do a variety of experiments designed to explore the impact of protectionist policies on the U.S. economy.
AU  - Hanson, Kenneth
AU  - Robinson, Sherman
AU  - Tokarick, Stephen
DA  - 1990-05
DA  - 1990-05
DO  - 10.22004/ag.econ.278325
DO  - doi
ID  - 278325
KW  - Agricultural and Food Policy
KW  - International Relations/Trade
KW  - CGE analysis
KW  - general equilibrium analysis
KW  - trade liberalization
KW  - protectionism
KW  - tariffs
L1  - https://ageconsearch.umn.edu/record/278325/files/ers-report-460.pdf
L2  - https://ageconsearch.umn.edu/record/278325/files/ers-report-460.pdf
L4  - https://ageconsearch.umn.edu/record/278325/files/ers-report-460.pdf
LA  - eng
LA  - English
LK  - https://ageconsearch.umn.edu/record/278325/files/ers-report-460.pdf
N2  - This paper investigates the implications for the structure of the U.S. economy of a reduction in the U.S. trade deficit. We explore two alternative adjustment scenarios. First, we assume an environment of successful world trade liberalization. An alternative view is that the world economy will lapse into a protectionist environment. We use a 30-sector computable general equilibrium (CGE) model of the United States to analyze the impact of these two scenarios. When analyzing the protectionist scenario, we do a variety of experiments designed to explore the impact of protectionist policies on the U.S. economy.
PY  - 1990-05
PY  - 1990-05
T1  - U.S. Adjustment in the 1990's: A CGE Analysis of Alternative Trade Strategies
TI  - U.S. Adjustment in the 1990's: A CGE Analysis of Alternative Trade Strategies
UR  - https://ageconsearch.umn.edu/record/278325/files/ers-report-460.pdf
Y1  - 1990-05
ER  -