Scenarios for trade integration in the Americas
This paper analyzes two potential trade liberalization scenarios: a Free Trade Area of the Americas (FTAA) and an agreement between MERCOSUR and the European Union (EU). The paper utilizes a world general equilibrium model with some macro elements such as rigidities in wages and exchange rates. The...
| Autores principales: | , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
CAIRN
2003
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/157931 |
| _version_ | 1855539853343588352 |
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| author | Diao, Xinshen Díaz-Bonilla, Eugenio Robinson, Sherman |
| author_browse | Diao, Xinshen Díaz-Bonilla, Eugenio Robinson, Sherman |
| author_facet | Diao, Xinshen Díaz-Bonilla, Eugenio Robinson, Sherman |
| author_sort | Diao, Xinshen |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper analyzes two potential trade liberalization scenarios: a Free Trade Area of the Americas (FTAA) and an agreement between MERCOSUR and the European Union (EU). The paper utilizes a world general equilibrium model with some macro elements such as rigidities in wages and exchange rates. The empirical results show that the two regional integration scenarios create trade and increase welfare for the participants (more for the Latin American countries than for either the US or the EU) with little impact on non-participants. Realizing the potential benefits will also require adequate macroeconomic policies to avoid disruptive swings in trade balances. |
| format | Journal Article |
| id | CGSpace157931 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2003 |
| publishDateRange | 2003 |
| publishDateSort | 2003 |
| publisher | CAIRN |
| publisherStr | CAIRN |
| record_format | dspace |
| spelling | CGSpace1579312024-11-14T11:37:53Z Scenarios for trade integration in the Americas Diao, Xinshen Díaz-Bonilla, Eugenio Robinson, Sherman trade liberalization european union countries marketing policies economic indicators models economic situation computable general equilibrium models This paper analyzes two potential trade liberalization scenarios: a Free Trade Area of the Americas (FTAA) and an agreement between MERCOSUR and the European Union (EU). The paper utilizes a world general equilibrium model with some macro elements such as rigidities in wages and exchange rates. The empirical results show that the two regional integration scenarios create trade and increase welfare for the participants (more for the Latin American countries than for either the US or the EU) with little impact on non-participants. Realizing the potential benefits will also require adequate macroeconomic policies to avoid disruptive swings in trade balances. 2003-06-01 2024-10-24T12:52:34Z 2024-10-24T12:52:34Z Journal Article https://hdl.handle.net/10568/157931 en Limited Access CAIRN Diao, Xinshen; Diaz-Bonilla, Eugenio; Robinson, Sherman. 2003. Scenarios for trade integration in the Americas. Economie Internationale 94-95: 33-52. https://doi.org/10.3917/ecoi.094.0033 |
| spellingShingle | trade liberalization european union countries marketing policies economic indicators models economic situation computable general equilibrium models Diao, Xinshen Díaz-Bonilla, Eugenio Robinson, Sherman Scenarios for trade integration in the Americas |
| title | Scenarios for trade integration in the Americas |
| title_full | Scenarios for trade integration in the Americas |
| title_fullStr | Scenarios for trade integration in the Americas |
| title_full_unstemmed | Scenarios for trade integration in the Americas |
| title_short | Scenarios for trade integration in the Americas |
| title_sort | scenarios for trade integration in the americas |
| topic | trade liberalization european union countries marketing policies economic indicators models economic situation computable general equilibrium models |
| url | https://hdl.handle.net/10568/157931 |
| work_keys_str_mv | AT diaoxinshen scenariosfortradeintegrationintheamericas AT diazbonillaeugenio scenariosfortradeintegrationintheamericas AT robinsonsherman scenariosfortradeintegrationintheamericas |