Services Liberalization in Preferential Trade Arrangements : The Case of Kenya

Show simple item record

collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Balistreri, Edward J.
dc.contributor.author
Tarr, David G.
dc.date.accessioned
2012-03-19T18:00:18Z
dc.date.available
2012-03-19T18:00:18Z
dc.date.issued
2011-01-01
dc.date.lastModified
2021-04-23T14:02:08Z
dc.description.abstract
Given the growing importance of commitments to foreign investors in services in regional trade agreements, it is important to develop applied general equilibrium models to assess the impacts of liberalization of barriers to multinational service providers. This paper develops a 55 sector applied general equilibrium model of Kenya with foreign direct investment and Dixit-Stiglitz productivity effects from additional varieties of imperfectly competitive goods or services, and uses the model to assess its regional and multilateral trade options, focusing on commitments to foreign investors in services. To assess the sensitivity of the results to parameter values, the model is executed 30,000 times, and results are reported as confidence intervals of the sample distributions. The analysis reveals that a 50 percent preferential reduction in the ad valorem equivalents of barriers in all business services by Kenya with its African partners would be somewhat beneficial for Kenya. If a preferential agreement with African partners is combined with an agreement with the European Union, the gains would more than triple the gains of an Africa only agreement. Multilateral reduction of services barriers, however, would yield gains about 12 times the gains of an agreement with the Africa region alone. These results suggest that preferential liberalization in the region is a valuable first step, but wider liberalization, with larger partners and liberal rules of origin or multilaterally, will yield much larger gains due to providing access to a much wider set of services providers. The largest gains would come from domestic regulatory reform in services, as this would almost triple the gains of multilateral liberalization.
en
dc.identifier
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110131090808
dc.identifier.uri
http://hdl.handle.net/10986/3322
dc.language
English
dc.relation.ispartofseries
Policy Research working paper ; no. WPS 5552
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCOUNTING
dc.subject
ADVANCED COUNTRIES
dc.subject
AGGREGATE EXPORTS
dc.subject
AGRICULTURAL PRODUCTS
dc.subject
AGRICULTURE
dc.subject
AIR
dc.subject
AVERAGE TARIFF
dc.subject
BANK OFFICE
dc.subject
BANKING SERVICES
dc.subject
BASE YEAR
dc.subject
BILATERAL FREE TRADE AGREEMENT
dc.subject
CAPITAL STOCK
dc.subject
CENTRAL ELASTICITIES
dc.subject
CENTRAL ELASTICITY
dc.subject
COLLATERAL
dc.subject
COLLATERAL REQUIREMENTS
dc.subject
COMMON MARKET
dc.subject
COMPETITIVENESS
dc.subject
CONFIDENCE
dc.subject
CONSTANT ELASTICITY OF TRANSFORMATION
dc.subject
CONSTANT RETURNS TO SCALE
dc.subject
COST STRUCTURE
dc.subject
COST STRUCTURES
dc.subject
COUNTRY OF ORIGIN
dc.subject
CREDIT RATING
dc.subject
CUSTOMS UNION
dc.subject
DEBT
dc.subject
DEMAND CURVE
dc.subject
DEMAND CURVES
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPING COUNTRY
dc.subject
DEVELOPMENT ECONOMICS
dc.subject
DEVELOPMENT INTENSITY
dc.subject
DEVELOPMENT POLICY
dc.subject
DOMESTIC MARKET
dc.subject
DOMESTIC PRODUCTION
dc.subject
DUOPOLY
dc.subject
ECONOMIC GEOGRAPHY
dc.subject
ECONOMIC INTEGRATION
dc.subject
ECONOMIC REFORM
dc.subject
ECONOMIC RESEARCH
dc.subject
ECONOMIC THEORY
dc.subject
ECONOMICS LITERATURE
dc.subject
ECONOMIES OF SCALE
dc.subject
ELASTICITIES
dc.subject
ELASTICITY
dc.subject
ELASTICITY OF DEMAND
dc.subject
ELASTICITY OF SUBSTITUTION
dc.subject
ELASTICITY OF SUPPLY
dc.subject
ELASTICITY VALUES
dc.subject
EQUILIBRIUM
dc.subject
EXCHANGE RATE
dc.subject
EXPORT MARKET
dc.subject
EXPORT MARKETS
dc.subject
EXPORTS
dc.subject
EXTERNALITIES
dc.subject
EXTERNALITY
dc.subject
FACTORS OF PRODUCTION
dc.subject
FEDERAL RESERVE
dc.subject
FEDERAL RESERVE BANK
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL SERVICES
dc.subject
FINANCIAL SUPPORT
dc.subject
FIRM PERFORMANCE
dc.subject
FOREIGN BANKS
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN FIRMS
dc.subject
FOREIGN GOODS
dc.subject
FOREIGN INVESTMENT
dc.subject
FOREIGN INVESTORS
dc.subject
FREE ACCESS
dc.subject
FREE TRADE
dc.subject
FREE TRADE AGREEMENT
dc.subject
FREE TRADE AGREEMENTS
dc.subject
FREIGHT
dc.subject
GDP
dc.subject
GENERAL EQUILIBRIUM ANALYSIS
dc.subject
GENERAL EQUILIBRIUM MODEL
dc.subject
GLOBALIZATION
dc.subject
GOVERNMENT REGULATION
dc.subject
HOME COUNTRY
dc.subject
IMPERFECT COMPETITION
dc.subject
INCOME
dc.subject
INCREASING RETURNS
dc.subject
INCREASING RETURNS TO SCALE
dc.subject
INITIATIVE
dc.subject
INSURANCE
dc.subject
INSURANCE MARKET
dc.subject
INTERMEDIATE GOODS
dc.subject
INTERMEDIATE INPUTS
dc.subject
INTERNATIONAL COMPETITIVENESS
dc.subject
INTERNATIONAL ECONOMY
dc.subject
INTERNATIONAL NEGOTIATIONS
dc.subject
INTERNATIONAL TRADE
dc.subject
INVESTMENT BARRIERS
dc.subject
LAWS
dc.subject
LAWYERS
dc.subject
LEGAL SYSTEM
dc.subject
LESS DEVELOPED COUNTRIES
dc.subject
MARGINAL COST
dc.subject
MARGINAL COSTS
dc.subject
MARGINAL REVENUE
dc.subject
MARKET ACCESS
dc.subject
MARKET SHARE
dc.subject
MARKET SHARES
dc.subject
MOBILE BANKING
dc.subject
MONOPOLISTIC COMPETITION
dc.subject
MONOPOLY
dc.subject
MONOPOLY RENTS
dc.subject
MULTILATERAL LIBERALIZATION
dc.subject
MULTILATERAL TRADE
dc.subject
MULTINATIONAL
dc.subject
MULTINATIONAL FIRMS
dc.subject
MULTINATIONALS
dc.subject
MUTUAL RECOGNITION
dc.subject
NATIONAL DEVELOPMENT
dc.subject
NONDISCRIMINATORY BARRIERS
dc.subject
OPEN ECONOMIES
dc.subject
OPEN ECONOMY
dc.subject
OPENNESS
dc.subject
OPTIMAL TARIFFS
dc.subject
PREFERENTIAL
dc.subject
PREFERENTIAL AGREEMENT
dc.subject
PREFERENTIAL AGREEMENTS
dc.subject
PREFERENTIAL REDUCTION
dc.subject
PREFERENTIAL TRADE
dc.subject
PREFERENTIAL TRADE AGREEMENTS
dc.subject
PREFERENTIAL TRADE ARRANGEMENTS
dc.subject
PREFERENTIAL TRADE LIBERALIZATION
dc.subject
PRICE INDEX
dc.subject
PRIMARY FACTORS
dc.subject
PRIVATE SECTOR DEVELOPMENT
dc.subject
PRODUCT DIFFERENTIATION
dc.subject
PRODUCTION FUNCTION
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PRODUCTIVITY INCREASES
dc.subject
PUBLIC POLICY
dc.subject
RAIL
dc.subject
RAILWAY
dc.subject
RAILWAYS
dc.subject
REAL ESTATE
dc.subject
REAL EXCHANGE RATE
dc.subject
REDUCTION OF BARRIERS
dc.subject
REFORM PROGRAM
dc.subject
REGIONAL INTEGRATION
dc.subject
REGIONAL TRADE
dc.subject
REGIONAL TRADE AGREEMENTS
dc.subject
REGULATOR
dc.subject
REGULATORY BARRIERS
dc.subject
REGULATORY ENVIRONMENT
dc.subject
REGULATORY REGIME
dc.subject
REGULATORY REGIMES
dc.subject
REINSURANCE
dc.subject
ROAD
dc.subject
RULES OF ORIGIN
dc.subject
SINGLE MARKET
dc.subject
SMALL COUNTRIES
dc.subject
SMALL ENTERPRISES
dc.subject
SUPPLY CURVE
dc.subject
SUPPLY CURVES
dc.subject
TARIFF DATA
dc.subject
TARIFF EQUIVALENCE
dc.subject
TARIFF EQUIVALENTS
dc.subject
TARIFF PREFERENCES
dc.subject
TARIFF RATE
dc.subject
TARIFF RATES
dc.subject
TARIFF REDUCTION
dc.subject
TARIFF REVENUE
dc.subject
TAX
dc.subject
TECHNOLOGY TRANSFER
dc.subject
TELECOMMUNICATIONS
dc.subject
TERMS OF TRADE
dc.subject
TERMS OF TRADE EFFECTS
dc.subject
THIRD WORLD
dc.subject
TOTAL FACTOR PRODUCTIVITY
dc.subject
TRADE DATA
dc.subject
TRADE DIVERSION
dc.subject
TRADE FLOWS
dc.subject
TRADE LIBERALIZATION
dc.subject
TRADE LOSSES
dc.subject
TRADE PARTNERS
dc.subject
TRADE POLICIES
dc.subject
TRADE POLICY
dc.subject
TRANSITION ECONOMIES
dc.subject
TRANSMISSION OF KNOWLEDGE
dc.subject
TRANSPORT
dc.subject
TRANSPORT SERVICES
dc.subject
TRANSPORTATION
dc.subject
TRANSPORTATION COSTS
dc.subject
TRANSPORTATION FACILITIES
dc.subject
TRANSPORTATION NETWORK
dc.subject
TRANSPORTATION SERVICES
dc.subject
TRUE
dc.subject
UNILATERAL LIBERALIZATION
dc.subject
UNILATERAL REFORM
dc.subject
UNSKILLED LABOR
dc.subject
URUGUAY ROUND
dc.subject
VALUE OF IMPORTS
dc.subject
VALUE OF OUTPUT
dc.subject
VARIABLE COSTS
dc.subject
VEHICLE
dc.subject
WEALTH
dc.subject
WEALTH CREATION
dc.subject
WELFARE ECONOMICS
dc.subject
WORLD TRADE
dc.subject
WORLD TRADE ORGANIZATION
dc.subject
WTO
dc.subject
ZERO PROFITS
dc.subject
ZERO TARIFFS
dc.title
Services Liberalization in Preferential Trade Arrangements : The Case of Kenya
en
okr.date.disclosure
2011-01-01
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110131090808
okr.globalpractice
Transport and ICT
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-5552
okr.identifier.externaldocumentum
000158349_20110131090808
okr.identifier.internaldocumentum
13708832
okr.identifier.report
WPS5552
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/01/31/000158349_20110131090808/Rendered/PDF/WPS5552.pdf
en
okr.region.administrative
Africa
okr.region.country
Kenya
okr.region.geographical
Sub-Saharan Africa
okr.region.geographical
East Africa
okr.sector
Industry and trade :: Other domestic and international trade
okr.topic
Transport
okr.unit
Development Research Group (DECRG)
okr.unit
DECRG: Trade & Intl. Integration (DECTI)
okr.volume
1 of 1

Show simple item record



This item appears in the following Collection(s)