Publication:
Rules of Thumb for Evaluating Preferential Trading Arrangements : Evidence from Computable General Equilibrium Assessments

Simple item page
dc.contributor.authorHarrison, Glenn W.
dc.contributor.authorRutherford, Thomas F.
dc.contributor.authorTarr, David G.
dc.date.accessioned2014-04-25T14:42:17Z
dc.date.available2014-04-25T14:42:17Z
dc.date.issued2003-10
dc.description.abstractMost interesting results on the welfare effects of regional arrangements are ambiguous at a theoretical level. Many questions only have quantitative answers that are specific to the particular structural features of the economy and the policy considered. So, to determine the impact of prospective regional arrangements governments often rely on a quantitative evaluation. Usually at the request of client governments of the World Bank, the authors have implemented many computable general equilibrium (CGE) models to inform policymakers. The authors summarize the main conclusions drawn from these studies. The principal conclusions are: 1) Countries excluded from a preferential trade arrangement almost always lose. 2) Market access is a key determinant of the net benefits of a preferential trade arrangement. 3) With a free trade agreement (FTA) the external tariff can be lowered such that a poor FTA becomes attractive. 4) For Southern countries, North-South agreements offer a beneficial increase in competition in their home markets, and involve little increase in the supply price of Northern country sales in Southern countries. 5) Multilateral trade liberalization results in significantly larger gains to the world than the network of regional arrangements. 6) For individual countries without high protection, "additive regionalism" will likely result in substantially larger gains than unilateral trade liberalization. 7) Tax replacement requirements reduce the set of desirable regional arrangements. 8) Trade taxes are often an inefficient source of tax revenue. 9) Trade liberalization should be expected to be pro-poor in developing countries, but results will be diverse at the household level so safety nets are important. 10) Dynamic effects to reverse conclusions regarding regionalism are not expected.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/10/2819736/rules-thumb-evaluating-preferential-trading-arrangements-evidence-computable-general-equilibrium-assessments
dc.identifier.doi10.1596/1813-9450-3149
dc.identifier.urihttps://hdl.handle.net/10986/18041
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 3149
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADDITIVE FREE TRADE
dc.subjectADDITIVE FREE TRADE AGREEMENTS
dc.subjectADDITIVE REGIONALISM
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURE
dc.subjectANTIDUMPING
dc.subjectANTIDUMPING POLICIES
dc.subjectCAPITAL STOCK
dc.subjectCENTRAL ELASTICITIES
dc.subjectCENTRAL ELASTICITY
dc.subjectCOMPETITIVE LIBERALIZATION
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMERS
dc.subjectCOUNTRY IMPORTS
dc.subjectCOUNTRY MARKETS
dc.subjectCUSTOMS
dc.subjectCUSTOMS UNION
dc.subjectCUSTOMS UNIONS
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDYNAMIC EFFECTS
dc.subjectECONOMIC EFFECTS
dc.subjectECONOMIC IMPLICATIONS
dc.subjectECONOMIC INTEGRATION
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM ASSESSMENTS
dc.subjectEXCHANGE RATE
dc.subjectEXPORTS
dc.subjectEXTERNAL TARIFF
dc.subjectFACTORS OF PRODUCTION
dc.subjectFOREIGN TRADE
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectFREE TRADE AGREEMENTS
dc.subjectGDP
dc.subjectGLOBAL FREE TRADE
dc.subjectHIGH TARIFFS
dc.subjectIMPACT OF TRADE
dc.subjectIMPERFECT COMPETITION
dc.subjectIMPORT DEMAND
dc.subjectIMPORT SUBSTITUTION
dc.subjectIMPORT SUBSTITUTION INDUSTRIALIZATION
dc.subjectINCOME
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINDUSTRIALIZATION
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectLOSS OF TARIFF REVENUE
dc.subjectMARGINAL COST
dc.subjectMARKET ACCESS
dc.subjectMONETARY COMMUNITY
dc.subjectMULTILATERAL TRADE
dc.subjectMULTILATERAL TRADE LIBERALIZATION
dc.subjectOPEN ECONOMY
dc.subjectOPEN TRADE
dc.subjectOPEN TRADE REGIMES
dc.subjectPARTNER COUNTRIES
dc.subjectPARTNER COUNTRY
dc.subjectPREFERENTIAL ACCESS
dc.subjectPREFERENTIAL TARIFF
dc.subjectPREFERENTIAL TARIFF REDUCTION
dc.subjectPREFERENTIAL TRADE
dc.subjectPREFERENTIAL TRADE ARRANGEMENT
dc.subjectPREFERENTIAL TRADING
dc.subjectPREFERENTIAL TRADING ARRANGEMENTS
dc.subjectPRODUCERS
dc.subjectPRODUCTIVITY
dc.subjectPROSPECTIVE PARTNER
dc.subjectPROSPECTIVE PARTNERS
dc.subjectREGIONAL AGREEMENTS
dc.subjectREGIONAL ARRANGEMENT
dc.subjectREGIONAL ARRANGEMENTS
dc.subjectREGIONAL INTEGRATION
dc.subjectREGIONAL PARTNERS
dc.subjectREGIONAL PREFERENCES
dc.subjectSAFETY NETS
dc.subjectSTATIC EFFECTS
dc.subjectTARIFF LEVELS
dc.subjectTARIFF STRUCTURE
dc.subjectTAX REFORM
dc.subjectTAX REVENUE
dc.subjectTECHNOLOGY DIFFUSION
dc.subjectTECHNOLOGY SPILLOVERS
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTERMS OF TRADE
dc.subjectTERMS OF TRADE EFFECTS
dc.subjectTERMS OF TRADE LOSS
dc.subjectTRADE AGREEMENT
dc.subjectTRADE CREATION
dc.subjectTRADE DIVERSION
dc.subjectTRADE DIVERSION COSTS
dc.subjectTRADE GAINS
dc.subjectTRADE INTEGRATION
dc.subjectTRADE MODELS
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADE POLICY OPTIONS
dc.subjectTRADE REFORM
dc.subjectTRADE REFORMS
dc.subjectTRADE REGIME
dc.subjectTRADE TAXES
dc.subjectTRADING PARTNERS
dc.subjectUNILATERAL TRADE
dc.subjectUNILATERAL TRADE LIBERALIZATION
dc.subjectUNSKILLED LABOR
dc.subjectURUGUAY ROUND
dc.subjectVALUE ADDED
dc.subjectVALUE-ADDED TAX
dc.subjectWELFARE EFFECTS
dc.subjectWELFARE GAINS
dc.subjectWELFARE LOSS
dc.subjectZERO TARIFFS PREFERENTIAL TRADE AGREEMENTS
dc.subjectGENERAL EQUILIBRIUM MODELS
dc.subjectMARKET ACCESS
dc.subjectNET BENEFITS
dc.subjectFREE TRADE AREAS
dc.subjectEXTERNAL TRADE
dc.subjectTARIFF AGREEMENTS
dc.subjectNORTH-SOUTH TRADE
dc.subjectCOMPETITIVENESS
dc.subjectREGIONAL TRADE AGREEMENTS
dc.subjectMULTILATERAL TRADE NEGOTIATIONS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE BARRIERS
dc.subjectTAX REVENUES
dc.subjectHOUSEHOLD INCOME
dc.subjectSOCIAL SAFETY NETS
dc.subjectHOUSEHOLD WELFARE INDICATORS
dc.subjectZERO TARIFFS
dc.subjectcomputable general equilibrium
dc.titleRules of Thumb for Evaluating Preferential Trading Arrangements : Evidence from Computable General Equilibrium Assessmentsen
dspace.entity.typePublication
okr.crossref.titleRules of Thumb for Evaluating Preferential Trading Arrangements: Evidence from Computable General Equilibrium Assessments
okr.date.doiregistration2025-04-10T10:50:27.698263Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2003/10/2819736/rules-thumb-evaluating-preferential-trading-arrangements-evidence-computable-general-equilibrium-assessments
okr.globalpracticeTrade and Competitiveness
okr.guid482631468779354365
okr.identifier.doi10.1596/1813-9450-3149
okr.identifier.externaldocumentum000160016_20031215112948
okr.identifier.internaldocumentum2819736
okr.identifier.reportWPS3149
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/12/15/000160016_20031215112948/Rendered/PDF/wps3149.pdfen
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicInternational Economics and Trade::Free Trade
okr.topicInternational Economics and Trade::Trade Policy
okr.topicPayment Systems and Infrastructure
okr.topicEconomic Theory and Research
okr.topicInternational Economics and Trade::Rules of Origin
okr.topicEnvironmental Economics and Policies
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
wps3149.pdf
Size:
124.78 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
wps3149.txt
Size:
33.08 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers