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Modelling the Impact of Trade Liberalisation

By Lance Taylor
ISBN: 9780855985851
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.

£9.95

Modelling the Impact of Trade Liberalisation View Jacket

  • Synopsis
    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.
  • Details
    Sub Title N/A
    Author Lance Taylor
    Editor No
    Number of Pages 63
    Format Paperback / softback