An inquiry on general equilibrium effects of MERCOSUR: an intertemporal world model
A multiregion dynamic computable general equilibrium model is constructed to analyze effects of the Southern Common Market (MERCOSUR) on the member countries as well as third-party nonmember countries. The model is based on intertemporal optimization behaviors of consumers and firms with eight endog...
| Autores principales: | , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Elsevier
2000
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/158098 |
| _version_ | 1855534026761175040 |
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| author | Diao, Xinshen Somwaru, Agapi |
| author_browse | Diao, Xinshen Somwaru, Agapi |
| author_facet | Diao, Xinshen Somwaru, Agapi |
| author_sort | Diao, Xinshen |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | A multiregion dynamic computable general equilibrium model is constructed to analyze effects of the Southern Common Market (MERCOSUR) on the member countries as well as third-party nonmember countries. The model is based on intertemporal optimization behaviors of consumers and firms with eight endogenously specified regions. By taking into account dynamic general equilibrium adjustments, we observe significant shifts of trade diversion away from the nonmember trading partners to the member countries. We also find that, following the MERCOSUR's common external tariffication, growth of intraregional trade would likely be accompanied by increases in trade between MERCOSUR and other countries. In this case, not only MERCOSUR member countries gain more, but also the nonmember countries are better off in terms of their production, consumption, and consumer welfare." -- Authors' Abstract |
| format | Journal Article |
| id | CGSpace158098 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2000 |
| publishDateRange | 2000 |
| publishDateSort | 2000 |
| publisher | Elsevier |
| publisherStr | Elsevier |
| record_format | dspace |
| spelling | CGSpace1580982025-01-24T08:54:52Z An inquiry on general equilibrium effects of MERCOSUR: an intertemporal world model Diao, Xinshen Somwaru, Agapi international policies computable general equilibrium models A multiregion dynamic computable general equilibrium model is constructed to analyze effects of the Southern Common Market (MERCOSUR) on the member countries as well as third-party nonmember countries. The model is based on intertemporal optimization behaviors of consumers and firms with eight endogenously specified regions. By taking into account dynamic general equilibrium adjustments, we observe significant shifts of trade diversion away from the nonmember trading partners to the member countries. We also find that, following the MERCOSUR's common external tariffication, growth of intraregional trade would likely be accompanied by increases in trade between MERCOSUR and other countries. In this case, not only MERCOSUR member countries gain more, but also the nonmember countries are better off in terms of their production, consumption, and consumer welfare." -- Authors' Abstract 2000-09 2024-10-24T12:53:49Z 2024-10-24T12:53:49Z Journal Article https://hdl.handle.net/10568/158098 en Limited Access Elsevier Diao, Xinshen; Somwaru, Agapi. 2000. An inquiry on general equilibrium effects of MERCOSUR: an intertemporal world model. Journal of Policy Modeling 22(5): 557-588. https://doi.org/10.1016/S0161-8938(98)00006-4 |
| spellingShingle | international policies computable general equilibrium models Diao, Xinshen Somwaru, Agapi An inquiry on general equilibrium effects of MERCOSUR: an intertemporal world model |
| title | An inquiry on general equilibrium effects of MERCOSUR: an intertemporal world model |
| title_full | An inquiry on general equilibrium effects of MERCOSUR: an intertemporal world model |
| title_fullStr | An inquiry on general equilibrium effects of MERCOSUR: an intertemporal world model |
| title_full_unstemmed | An inquiry on general equilibrium effects of MERCOSUR: an intertemporal world model |
| title_short | An inquiry on general equilibrium effects of MERCOSUR: an intertemporal world model |
| title_sort | inquiry on general equilibrium effects of mercosur an intertemporal world model |
| topic | international policies computable general equilibrium models |
| url | https://hdl.handle.net/10568/158098 |
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