The liberalization of services trade: potential impacts in the aftermath of the Uruguay Round

Drusilla K. Brown, Alan Deardorff, Alan Fox () and Robert Stern

Chapter 42 in Comparative Advantage, Growth, and the Gains from Trade and Globalization:A Festschrift in Honor of Alan V Deardorff, 2011, pp 615-638 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:A description of the analytical modelAssumptions underlying the modelFull employmentBalanced tradeRents and revenuesFixed relative wagesFixed labor supplyPolicy input data: comments on reductions in tariffs and tariff equivalentsTariff rates on industrial productsTariff rates on agricultural productsServices-trade barriersModel simulationsSimulation 1Simulation 2Simulation 3Aggregate impacts of the three liberalization scenariosEconomic welfareReal wages and return to capitalSector-specific impacts of the three liberalization scenariosSimulation 1Simulation 2Simulation 3Appendix A Developing data on “tradable” servicesNotesReferences

Keywords: Comparative Advantage; Trade And Growth; Globalization; Computational Modeling; Trade Policy Analysis (search for similar items in EconPapers)
Date: 2011
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