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Revisiting the Gains from Trade in EMDEs: The Case of Selected East Asian and East African Economies

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dc.contributor.authorBattogtvor, Enkhmaa
dc.contributor.authorMajune, Socrates Kraido
dc.contributor.authorMontfaucon, Angella Faith
dc.date.accessioned2025-02-24T21:55:39Z
dc.date.available2025-02-24T21:55:39Z
dc.date.issued2025-02-24
dc.description.abstractFollowing the gains from variety literature, this paper estimates the welfare impact of growth of the variety of imported goods in 28 countries in East Africa and East Asia and compares the results. While estimating the gains from variety, the elasticities of substitution are estimated for each country at the Harmonized System six-digit level of disaggregation. More than 100,000 elasticities are estimated, and the paper constructs an exact price index to measure the welfare gains from variety growth. The findings show that from 1995 to 2021, African countries gained on average 5.47 percent of their gross domestic product (0.20 percent annually), and Asian countries excluding Bhutan gained 3.46 percent (0.13 percent annually). Bhutan, Mongolia, Rwanda, and Mozambique are among the countries with the highest gains over the sample period. The evidence indicates that the creation and extension of trade linkages can be a source of welfare, particularly for small and transitioning economies, a point that is occasionally overlooked in discussions about the positive effects of globalization and economic integration. The estimated elasticities may also be useful for other studies.en
dc.identifierhttp://documents.worldbank.org/curated/en/099313202242558629/IDU168021fdd10ff01466d1976b1cd24c6a5d7c9
dc.identifier.doi10.1596/1813-9450-11072
dc.identifier.urihttps://hdl.handle.net/10986/42855
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 11072
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectGAINS FROM TRADE
dc.subjectGAINS FROM VARIETY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectWELFARE EFFECT OF TRADE LIBERALIZATION
dc.subjectECONOMIC INTEGRATION
dc.titleRevisiting the Gains from Trade in EMDEsen
dc.title.subtitleThe Case of Selected East Asian and East African Economiesen
dspace.entity.typePublication
okr.date.disclosure2025-02-24
okr.date.doiregistration2025-04-14T12:03:13.416622Z
okr.date.lastmodified2025-02-24T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099313202242558629/IDU168021fdd10ff01466d1976b1cd24c6a5d7c9
okr.guid099313202242558629
okr.identifier.docmidIDU-68021fdd-0ff0-466d-976b-cd24c6a5d7c9
okr.identifier.doi10.1596/1813-9450-11072
okr.identifier.externaldocumentum34459246
okr.identifier.internaldocumentum34459246
okr.identifier.reportWPS11072
okr.import.id6681
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099313202242558629/pdf/IDU168021fdd10ff01466d1976b1cd24c6a5d7c9.pdfen
okr.region.geographicalEast Africa
okr.region.geographicalEast Asia
okr.topicIndustry
okr.topicInternational Economics and Trade::Trade and Environment
okr.topicEnvironment::Environmental Economics & Policies
okr.unitEFI-EAP-MTI-MacroFiscal-2 (EEAM2)
okr.unitEFI-ECA-MTI-MacroFiscal-2 (EECM2)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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