Modelling the Impact of Trade Liberalisation : A Critigue of Computable General Equilibrium Models
by
Lance Taylor
Book Details
Format
Paperback / Softback
ISBN-10
0855985852
ISBN-13
9780855985851
Publisher
Oxfam Publishing
Imprint
Oxfam Professional
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 15th, 2006
Print length
63 Pages
Weight
200 grams
Dimensions
20.80 x 29.60 x 0.80 cms
Product Classification:
International trade3D graphics & modelling
Ksh 2,250.00
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This hard-hitting research report presents a rigorous critique of the most widely used trade models based on computable general equilibrium (or CGE) models. The report appeals for honest simulation strategies showing a variety of possible outcomes, which would enable policy-makers to assess the different scenarios for themselves.
This hard-hitting research report presents a rigorous critique of the most widely used trade models based on computable general equilibrium (or CGE) models. The authors present concise analytical arguments explaining the fundamental weaknesses of typical CGE models. They show that these models tend to make unrealistic assumptions about the macro-economy and do not allow an accurate estimation of the welfare gains that trade liberalisation is supposed to induce. The report appeals for honest simulation strategies showing a variety of possible outcomes, which would enable policy-makers to assess the different scenarios for themselves.
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