A Global Baltic:Potential Gains from Trade Liberalisation in the Baltic Sea States

Susanna Kinnman () and Magnus Lodefalk
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Susanna Kinnman: Economist at the Swedish National Board of Trade

Baltic Journal of Economics, 2009, vol. 9, issue 1, 55-79

Abstract: Though the Baltic Sea countries have displayed substantial reform-facilitated growth and trading activity over the last decade, significant trade barriers still exist. We analyse their implications, using a CGEmodel. Besides the “usual suspects” (tariffs, subsidies, and service barriers) and trade facilitation, we address non-tariff-measures (NTM) in a separate scenario. We find that reforms would substantially boost national income and trade, especially for the group of emerging economies. Income gains are primarily due to elimination of dead-weight losses caused by rules and regulations and improved resource allocation. Jointly, the simulations indicate a move towards services and industrial production and exports.

Keywords: trade liberalisation; CGE; trade facilitation; services; NTM; NTB; Baltic Sea (search for similar items in EconPapers)
JEL-codes: C68 F12 F13 F2 (search for similar items in EconPapers)
Date: 2009
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Working Paper: A Global Baltic - Potential Gains from Trade Liberalisation in the Baltic Sea States (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:bic:journl:v:9:y:2009:i:1:p:55-79

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