U.S. Adjustment in the 1990's: A CGE Analysis of Alternative Trade Strategies

Kenneth Hanson, Sherman Robinson and Stephen Tokarick

No 278325, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: This paper investigates the implications for the structure of the U.S. economy of a reduction in the U.S. trade deficit. We explore two alternative adjustment scenarios. First, we assume an environment of successful world trade liberalization. An alternative view is that the world economy will lapse into a protectionist environment. We use a 30-sector computable general equilibrium (CGE) model of the United States to analyze the impact of these two scenarios. When analyzing the protectionist scenario, we do a variety of experiments designed to explore the impact of protectionist policies on the U.S. economy.

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Pages: 33
Date: 1990-05
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:278325

DOI: 10.22004/ag.econ.278325

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