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Do Regional Trade Pacts Benefit the Poor? An Illustration from the Dominican Republic-Central American Free Trade Agreement in Nicaragua

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dc.contributor.authorNiimi, Yoko
dc.contributor.authorBussolo, Maurizio
dc.date.accessioned2012-06-21T22:35:59Z
dc.date.available2012-06-21T22:35:59Z
dc.date.issued2006-02
dc.description.abstractThe main objective of this paper is to provide an ex-ante assessment of the poverty and income distribution impacts of the Central American Free Trade Area agreement on Nicaragua. The authors use a general equilibrium macro model to simulate trade reform scenarios and estimate their price effects, while a micro-module maps these price changes into real income changes at the individual household level. A useful insight from this analysis is that even if the final total impact on poverty is not too large, its dispersion across households-due to their heterogeneity of factor endowments, inputs use, commodity production, and consumption preferences-is significant and should be taken into account when designing compensatory policies. Additionally, growth and redistribution decomposition show that, at least in the short to medium run, redistribution can be as important as growth. The main policy message that emerges from the paper is that Nicaragua should consider enlarging its own liberalization to countries other than the United States to boost trade-induced poverty reductions.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/02/6600539/regional-trade-pacts-benefit-poor-illustration-dominican-republic-central-american-free-trade-agreement-nicaragua
dc.identifier.doi10.1596/1813-9450-3850
dc.identifier.urihttps://hdl.handle.net/10986/8743
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 3850
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO SERVICE MARKETS
dc.subjectADJUSTMENT PROCESS
dc.subjectAGGREGATE INCOME
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURE
dc.subjectAPPAREL
dc.subjectAUTONOMY
dc.subjectBALANCE OF PAYMENTS
dc.subjectBENCHMARK
dc.subjectBENCHMARK EQUILIBRIUM
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL GOODS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INPUTS
dc.subjectCENTRAL AMERICA
dc.subjectCENTRAL AMERICAN
dc.subjectCOMMERCE
dc.subjectCONCESSIONS
dc.subjectCONSTANT ELASTICITY
dc.subjectCONSTANT ELASTICITY OF SUBSTITUTION
dc.subjectCONSTANT ELASTICITY OF TRANSFORMATION
dc.subjectCONSUMER
dc.subjectCONSUMPTION PATTERNS
dc.subjectCURRENT ACCOUNT
dc.subjectDEPENDENT VARIABLE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISTRIBUTIONAL EFFECTS
dc.subjectDIVIDENDS
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC PRODUCTION
dc.subjectECONOMIC STRUCTURE
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectEMPIRICAL EVIDENCE
dc.subjectENDOGENOUS VARIABLES
dc.subjectEQUILIBRIUM
dc.subjectEXPENDITURE
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXPORT ORIENTATION
dc.subjectEXPORT SECTORS
dc.subjectEXPORT SUPPLY
dc.subjectEXPORTS
dc.subjectFACTOR ACCUMULATION
dc.subjectFACTOR CONTRIBUTIONS
dc.subjectFACTOR ENDOWMENTS
dc.subjectFACTOR INCOME
dc.subjectFACTOR MARKETS
dc.subjectFACTOR PRICE
dc.subjectFACTOR PRICES
dc.subjectFACTORS OF PRODUCTION
dc.subjectFOOD CONSUMPTION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN MARKETS
dc.subjectFOREIGN PRODUCTION
dc.subjectFREE ACCESS
dc.subjectFREE TRADE
dc.subjectFREE TRADE AREA
dc.subjectFULL LIBERALIZATION
dc.subjectFUNCTIONAL FORMS
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGEOGRAPHICAL VARIABLES
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGROWTH COMPONENT
dc.subjectGROWTH RATES
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectHOUSEHOLD MEMBERS
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHUMAN CAPITAL
dc.subjectIMPACT OF TRADE
dc.subjectIMPACT OF TRADE REFORMS
dc.subjectIMPORT
dc.subjectIMPORT PROTECTION
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME COMPONENTS
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME GROUPS
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCOME SOURCES
dc.subjectINCOMES
dc.subjectINDIVIDUAL INCOMES
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET SEGMENTATION
dc.subjectLABOR MARKETS
dc.subjectLIVING STANDARDS
dc.subjectMARKET IMPERFECTIONS
dc.subjectMARKET PRICES
dc.subjectMARKET REFORMS
dc.subjectMARKET SEGMENTATION
dc.subjectMETAL PRODUCTS
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectNEGATIVE SHOCK
dc.subjectNEGATIVE SIGN
dc.subjectPOLICY REFORM
dc.subjectPOLICY REFORMS
dc.subjectPOLICY RESEARCH
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOOR PEOPLE
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectPOVERTY IMPACT
dc.subjectPOVERTY REDUCTIONS
dc.subjectPREFERENTIAL MARKET ACCESS
dc.subjectPRICE CHANGES
dc.subjectPRICE DECREASES
dc.subjectPRICE INCENTIVES
dc.subjectPRIMARY FACTORS
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRODUCTIVE ASSETS
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATES
dc.subjectREAL INCOME
dc.subjectREGIONAL TRADE
dc.subjectREGIONAL TRADE PACTS
dc.subjectREGRESSION ANALYSIS
dc.subjectRELATIVE CHANGE
dc.subjectRELATIVE IMPORTANCE
dc.subjectRELATIVE PRICES
dc.subjectRESOURCE ALLOCATION
dc.subjectRULES OF ORIGIN
dc.subjectSALES
dc.subjectSENSITIVITY ANALYSIS
dc.subjectSKILLED WORKERS
dc.subjectSOUTH AMERICA
dc.subjectSUBSTITUTES
dc.subjectSURPLUS
dc.subjectTARIFF DATA
dc.subjectTARIFF RATES
dc.subjectTARIFF REDUCTIONS
dc.subjectTARIFF REVENUE
dc.subjectTOTAL CONSUMPTION
dc.subjectTOTAL OUTPUT
dc.subjectTRADE AGREEMENT
dc.subjectTRADE AGREEMENTS
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE PARTNERS
dc.subjectTRADE POLICY
dc.subjectTRADE REFORM
dc.subjectTRADE REFORMS
dc.subjectTRADE SHOCKS
dc.subjectUNILATERAL LIBERALIZATION
dc.subjectUNILATERAL TRADE
dc.subjectUNILATERAL TRADE LIBERALIZATION
dc.subjectUNSKILLED LABOR
dc.subjectUTILITY FUNCTION
dc.subjectVALUE ADDED
dc.subjectWAGE DIFFERENTIALS
dc.subjectWAGE RATE
dc.subjectWAGES
dc.subjectWORLD PRICES
dc.subjectWTO
dc.titleDo Regional Trade Pacts Benefit the Poor? An Illustration from the Dominican Republic-Central American Free Trade Agreement in Nicaraguaen
dspace.entity.typePublication
okr.crossref.titleDo Regional Trade Pacts Benefit The Poor ? An Illustration From The Dominican Republic-Central American Free Trade Agreement In Nicaragua
okr.date.doiregistration2025-04-10T10:12:06.297434Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2006/02/6600539/regional-trade-pacts-benefit-poor-illustration-dominican-republic-central-american-free-trade-agreement-nicaragua
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid616361468261541462
okr.identifier.doi10.1596/1813-9450-3850
okr.identifier.externaldocumentum000016406_20060215165820
okr.identifier.internaldocumentum6600539
okr.identifier.reportWPS3850
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/02/15/000016406_20060215165820/Rendered/PDF/wps3850.pdfen
okr.region.administrativeLatin America and Caribbean
okr.region.countryDominican Republic
okr.region.countryNicaragua
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicMacroeconomics and Economic Growth::Consumption
okr.topicInternational Economics and Trade::Free Trade
okr.topicPoverty Reduction::Inequality
okr.topicInternational Economics and Trade
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationd0039343-97ad-5806-88d5-81b58fee8116
relation.isAuthorOfPublication.latestForDiscoveryd0039343-97ad-5806-88d5-81b58fee8116
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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