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Modeling Trade Policy: Applied General Equilibrium Assessments of North American Free Trade

Overview

Applied General Equilibrium (AGE) models have proven to be the tool of choice for analyzing the North American Free Trade Agreement (NAFTA). This collection contains the most important contributions to this burgeoning literature by many of the leading practitioners in the field. It also contains an extensive research survey, including comparisons of model dimensions, behavioral features, data sources, policy experiments, and main conclusions for policy. The volume contains a number of methodological advances in ...

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Overview

Applied General Equilibrium (AGE) models have proven to be the tool of choice for analyzing the North American Free Trade Agreement (NAFTA). This collection contains the most important contributions to this burgeoning literature by many of the leading practitioners in the field. It also contains an extensive research survey, including comparisons of model dimensions, behavioral features, data sources, policy experiments, and main conclusions for policy. The volume contains a number of methodological advances in AGE modeling of trade policy.

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Editorial Reviews

From the Publisher
"This is an excellent reference on a large number of important AGE modelling issues and a large body of respected modelling work on NAFTA." Journal of Economic Literature

"...provides an opportunity to assess, in the context of a closely related set of policy experiments, the current status and direction of research on applied general equilibrium modeling of trade policy." Journal of Economic Literature

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Product Details

  • ISBN-13: 9780521087568
  • Publisher: Cambridge University Press
  • Publication date: 12/11/2008
  • Pages: 372
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.80 (d)

Table of Contents

Part I. Introduction: 1. Age models of North American free trade: an introduction Joseph F. Francois and Clinton R. Shiells; Part II. Multisector Models: 2. A general equilibrium analysis of North American economic integration David W. Roland-Holst, Kenneth A. Reinert, and Clinton R. Shiells; 3. The gains for Mexico from a North American free trade agreement - an applied general equilibrium assessment; 4. Some applied general equilibrium estimates of the impact of a North American free trade area on Canada David J. Cox; 5. Properties of applied general equilibrium trade models with monopolistic competition and foreign direct investment Drusilla K. Brown; Part III. Sector-Focused Models: 6. Agriculture in the Mexico-US free trade agreement: a general equilibrium analysis Santiago Levy and Sweder van Wijnbergen; 7. Wage changes in a U.S.-Mexico free trade area: migration versus Stolper-Samuelson effects Mary E. Burfisher, Sherman Robinson and Karen E. Thierfelder; 8. The auto industry and the North American free-trade agreement Florencio Lopez-de-Silanes, James R. Markusen and Thomas F. Rutherford; 9. Bilateral trade liberalization in quota restricted items: U.S. and Mexico in textiles and steel Irene Trela and John Whalley; Part IV. Dynamic Models: 10. A dynamic dual model of the North American free trade agreement Leslie Young and Jose Romero; 11. Towards a dynamic general equilibrium model of North American trade Timothy J. Kehoe

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