Services and income redistribution in specific factors models of the Trans-Pacific Partnership

Henry Thompson

Chapter 10 in The Trans-Pacific Partnership and the Path to Free Trade in the Asia-Pacific, 2016, pp 250-265 from Edward Elgar Publishing

Abstract: The author applies a specific factors model to analyze the potential income redistribution inside Trans-Pacific partnership (TPP) countries due to increased trade and the changing prices of services, finding that there is a substantial income redistribution between three labor skill groups and industrial capital in the simulations. He argues that tax policies should anticipate rather than react to the pending income redistribution inside the TPP.

Keywords: Asian Studies; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2016
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