FTAA, OUTPUT ADJUSTMENTS, AND INCOME REDISTRIBUTION IN A SMALL OPEN ECONOMY: THE CASE OF PERU

Hugo Toledo ()
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Hugo Toledo: Department of Economics, American University of Sharjah

Journal of Economic Development, 2004, vol. 29, issue 1, 109-122

Abstract: The Free Trade Agreement of the Americas (FTAA) expected to become effective by 2005 will advance South, North, and Central American free trade. As member countries adjust to free trade, various sectors of each economy will adjust differently. This paper uses the Specific Factors (SF) model of production and trade to estimate comparative statics elasticities of changing prices on factor prices and output for Peru under a free trade scenario. The model predicts that output changes and income redistribution in Peru resulting from the emerging FTAA are substantial.

Keywords: FTAA; Income Redistribution; Peru (search for similar items in EconPapers)
JEL-codes: F10 F13 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:29:y:2004:i:1:p:109-122

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