Publication:
Putting Services and Foreign Direct Investment with Endogenous Productivity Effects in Computable General Equilibrium Models

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dc.contributor.authorTarr, David G.
dc.date.accessioned2014-08-29T18:06:49Z
dc.date.available2014-08-29T18:06:49Z
dc.date.issued2012-03
dc.description.abstractWith the growing importance of services and foreign direct investment in services, it is important to have a framework to analyze the impact of the liberalization of barriers to foreign direct investment in services. This paper summarizes several recent papers and builds policy-based computable general equilibrium models showing the dynamics of services, foreign direct investment and the endogenous productivity effect from services. The modeling framework shows that the liberalization of barriers against foreign direct investment in services yields welfare gains several times larger than the usual estimates from traditional computable general equilibrium models, which focus on goods trade, not foreign direct investment in services. The larger estimates are consistent with econometric evidence on the gains from services liberalization. The paper begins with a small stylized model to help understand the fundamental economics. Then it describes models developed at the request of the Russian government to assess the potential impact of Russia's accession to the WTO. Reviews of the work indicated that the modeling helped the Russian government gain public support for the WTO entry. The paper also describes a new technique that allows modelers to include tens of thousands of households in the model.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/03/15974846/putting-services-foreign-direct-investment-endogenous-productivity-effects-computable-general-equilibrium-models
dc.identifier.doi10.1596/1813-9450-6012
dc.identifier.urihttps://hdl.handle.net/10986/19869
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6012
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO SERVICES
dc.subjectACCOUNTANT
dc.subjectACCOUNTING
dc.subjectADVANCED COUNTRIES
dc.subjectAGGREGATE SUPPLY
dc.subjectAGRICULTURE
dc.subjectAVERAGE COSTS
dc.subjectBALANCE OF TRADE
dc.subjectBARRIER
dc.subjectBARRIERS TO INVESTMENT
dc.subjectBASE YEAR
dc.subjectBASKET OF GOODS
dc.subjectBENCHMARK
dc.subjectBIDS
dc.subjectBINDING CONSTRAINT
dc.subjectBUSINESS SERVICE
dc.subjectBUSINESS SERVICES
dc.subjectBUYERS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL STOCKS
dc.subjectCLOSED ECONOMIES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVE MODELS
dc.subjectCOMPETITIVENESS
dc.subjectCOMPOSITE SERVICES
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMERS
dc.subjectCOST FUNCTIONS
dc.subjectCOST REDUCTION
dc.subjectCOST STRUCTURE
dc.subjectCOST STRUCTURES
dc.subjectCOUNTRY OF ORIGIN
dc.subjectCUSTOMS
dc.subjectDELIVERY OF SERVICES
dc.subjectDELIVERY SERVICES
dc.subjectDEMAND CURVE
dc.subjectDEMAND FUNCTION
dc.subjectDEMAND FUNCTIONS
dc.subjectDERIVATIVE
dc.subjectDERIVATIVES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT FINANCE
dc.subjectDEVELOPMENT POLICY
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICES
dc.subjectDUMPING
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC GEOGRAPHY
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMICS LITERATURE
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectELASTICITY OF SUPPLY
dc.subjectELECTRICITY
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM VALUES
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURES
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORT MARKET
dc.subjectEXPORT MARKETS
dc.subjectEXPORTERS
dc.subjectEXTERNALITIES
dc.subjectEXTERNALITY
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUPPORT
dc.subjectFIRM PERFORMANCE
dc.subjectFIXED COST
dc.subjectFIXED COSTS
dc.subjectFIXED PRICES
dc.subjectFIXED RATE
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN COMPETITION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTORS
dc.subjectFOREIGN FIRM
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN INPUT
dc.subjectFOREIGN INPUTS
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN TRADE
dc.subjectGDP
dc.subjectGEOGRAPHIC SCOPE
dc.subjectGLOBAL DEVELOPMENT FINANCE
dc.subjectGOOD GOVERNANCE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH THEORY
dc.subjectHOME COUNTRY
dc.subjectHOMOGENEOUS GOOD
dc.subjectHORIZONTAL RESTRICTIONS
dc.subjectIMPERFECT COMPETITION
dc.subjectINCREASING RETURNS
dc.subjectINCREASING RETURNS TO SCALE
dc.subjectINDIVIDUAL FIRM
dc.subjectINDIVIDUAL FIRMS
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE MARKETS
dc.subjectINTERMEDIATE GOODS
dc.subjectINTERMEDIATE PRODUCTS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT FLOWS
dc.subjectJOINT VENTURE
dc.subjectMANUFACTURING
dc.subjectMARGINAL COST
dc.subjectMARGINAL COSTS
dc.subjectMARGINAL PRODUCT
dc.subjectMARGINAL PRODUCTIVITY
dc.subjectMARGINAL REVENUE
dc.subjectMARKET ACCESS
dc.subjectMARKET POWER
dc.subjectMARKET PRICES
dc.subjectMARKET REFORMS
dc.subjectMARKET SHARE
dc.subjectMARKET SIZE
dc.subjectMARKETING
dc.subjectMOBILE TELEPHONE
dc.subjectMONETARY FUND
dc.subjectMONOPOLISTIC COMPETITION
dc.subjectMONOPOLY
dc.subjectNATIONAL INCOME
dc.subjectNET EXPORTS
dc.subjectOPEN ACCESS
dc.subjectOPEN ECONOMIES
dc.subjectOPEN ECONOMY
dc.subjectOUTPUT
dc.subjectPOST OFFICE
dc.subjectPRICE INDEX
dc.subjectPRODUCT DIFFERENTIATION
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION PROCESS
dc.subjectPRODUCTION STRUCTURE
dc.subjectPRODUCTION STRUCTURES
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPRODUCTIVITY INCREASES
dc.subjectPURCHASING
dc.subjectQUOTA RENTS
dc.subjectR&D
dc.subjectRATE OF RETURN
dc.subjectRATE OF RETURN ON CAPITAL
dc.subjectREAL EXCHANGE RATE
dc.subjectRED TAPE
dc.subjectREDUCTION OF COST
dc.subjectREGIONAL TRADE
dc.subjectREGULATORY BARRIERS
dc.subjectREGULATORY ENVIRONMENT
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL
dc.subjectRETAIL TRADE
dc.subjectSALES
dc.subjectSECURITIES
dc.subjectSENSITIVITY ANALYSIS
dc.subjectSERVICE PROVIDERS
dc.subjectSHARE OF CAPITAL
dc.subjectSKILLED WORKERS
dc.subjectSMALL COUNTRIES
dc.subjectSMALL COUNTRY
dc.subjectSPREAD
dc.subjectSUBSTITUTE
dc.subjectSUBSTITUTES
dc.subjectSUBSTITUTION EFFECT
dc.subjectSUPPLIERS
dc.subjectSUPPLY CURVES
dc.subjectTARIFF BARRIERS
dc.subjectTARIFF REVENUE
dc.subjectTAX
dc.subjectTAX RATE
dc.subjectTAX REVENUES
dc.subjectTECHNICAL EXPERTISE
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTELECOMMUNICATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTELECOMMUNICATIONS PROVIDERS
dc.subjectTELEPHONE
dc.subjectTELEPHONE SERVICE
dc.subjectTELEPHONE SERVICES
dc.subjectTIME FRAME
dc.subjectTOTAL COSTS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE BALANCE
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE NEGOTIATIONS
dc.subjectTRADE POLICY
dc.subjectTRADE REGIME
dc.subjectTRADING
dc.subjectTRANSITION COUNTRIES
dc.subjectUSERS
dc.subjectUSES
dc.subjectUTILITY FUNCTION
dc.subjectVALUE ADDED
dc.subjectVARIABLE COST
dc.subjectVARIABLE COSTS
dc.subjectWORLD MARKET
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titlePutting Services and Foreign Direct Investment with Endogenous Productivity Effects in Computable General Equilibrium Modelsen
dspace.entity.typePublication
okr.crossref.titlePutting Services and Foreign Direct Investment with Endogenous Productivity Effects in Computable General Equilibrium Models
okr.date.disclosure2012-03-31
okr.date.doiregistration2025-04-10T11:01:20.200025Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2012/03/15974846/putting-services-foreign-direct-investment-endogenous-productivity-effects-computable-general-equilibrium-models
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid990561468308107812
okr.identifier.doi10.1596/1813-9450-6012
okr.identifier.externaldocumentum000158349_20120326084225
okr.identifier.internaldocumentum15974846
okr.identifier.reportWPS6012
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/03/26/000158349_20120326084225/Rendered/PDF/WPS6012.pdfen
okr.region.administrativeEurope and Central Asia
okr.topicPrivate Sector Development::E-Business
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.unitTrade and Integration Team, Development Research Group.
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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