Computational analysis of the US FTAs with Central America, Australia and Morocco

Drusilla K. Brown, Kozo Kiyota, Robert M. Stern

研究成果: Article

20 引用 (Scopus)

抄録

We use the Michigan Model of World Production and Trade to assess the economic effects of the US bilateral FTAs negotiated with Central America, Australia and Morocco. The model covers 18 economic sectors in each of 22 countries/regions and is based on version 5.4 of the GTAP database for 1997 together with specially constructed estimates of services barriers and other data on sectoral employment and numbers of firms. The distinguishing feature of the model is that it incorporates imperfect competition in the manufacturing and services sectors, including monopolistic competition, increasing returns and product variety. The modelling focus is on the effects of the bilateral removal of tariffs on agriculture and manufactures and services barriers. Rules of origin and other restrictive measures and the non-trade aspects of the FTAs are not taken into account due to data constraints. The computational results indicate that the benefits of bilateral FTAs for the United States and partner countries are rather small in both absolute and relative terms, and that far greater benefits could be realised if the United States and its FTA partners adopted unilateral free trade and especially if multilateral free trade was adopted by all countries/regions in the global trading system.

元の言語English
ページ(範囲)1441-1490
ページ数50
ジャーナルWorld Economy
28
発行部数10
DOI
出版物ステータスPublished - 2005 10
外部発表Yes

Fingerprint

Central America
Morocco
free trade
economic sector
manufacturing sector
tertiary sector
agriculture
firm
economics
Bilateral
Computational analysis
Free trade

ASJC Scopus subject areas

  • Finance
  • Accounting
  • Economics and Econometrics
  • Political Science and International Relations

これを引用

Computational analysis of the US FTAs with Central America, Australia and Morocco. / Brown, Drusilla K.; Kiyota, Kozo; Stern, Robert M.

:: World Economy, 巻 28, 番号 10, 10.2005, p. 1441-1490.

研究成果: Article

Brown, Drusilla K. ; Kiyota, Kozo ; Stern, Robert M. / Computational analysis of the US FTAs with Central America, Australia and Morocco. :: World Economy. 2005 ; 巻 28, 番号 10. pp. 1441-1490.
@article{c64abcfbe3e142939f4b294821c0b1cf,
title = "Computational analysis of the US FTAs with Central America, Australia and Morocco",
abstract = "We use the Michigan Model of World Production and Trade to assess the economic effects of the US bilateral FTAs negotiated with Central America, Australia and Morocco. The model covers 18 economic sectors in each of 22 countries/regions and is based on version 5.4 of the GTAP database for 1997 together with specially constructed estimates of services barriers and other data on sectoral employment and numbers of firms. The distinguishing feature of the model is that it incorporates imperfect competition in the manufacturing and services sectors, including monopolistic competition, increasing returns and product variety. The modelling focus is on the effects of the bilateral removal of tariffs on agriculture and manufactures and services barriers. Rules of origin and other restrictive measures and the non-trade aspects of the FTAs are not taken into account due to data constraints. The computational results indicate that the benefits of bilateral FTAs for the United States and partner countries are rather small in both absolute and relative terms, and that far greater benefits could be realised if the United States and its FTA partners adopted unilateral free trade and especially if multilateral free trade was adopted by all countries/regions in the global trading system.",
author = "Brown, {Drusilla K.} and Kozo Kiyota and Stern, {Robert M.}",
year = "2005",
month = "10",
doi = "10.1111/j.1467-9701.2005.00743.x",
language = "English",
volume = "28",
pages = "1441--1490",
journal = "World Economy",
issn = "0378-5920",
publisher = "Wiley-Blackwell",
number = "10",

}

TY - JOUR

T1 - Computational analysis of the US FTAs with Central America, Australia and Morocco

AU - Brown, Drusilla K.

AU - Kiyota, Kozo

AU - Stern, Robert M.

PY - 2005/10

Y1 - 2005/10

N2 - We use the Michigan Model of World Production and Trade to assess the economic effects of the US bilateral FTAs negotiated with Central America, Australia and Morocco. The model covers 18 economic sectors in each of 22 countries/regions and is based on version 5.4 of the GTAP database for 1997 together with specially constructed estimates of services barriers and other data on sectoral employment and numbers of firms. The distinguishing feature of the model is that it incorporates imperfect competition in the manufacturing and services sectors, including monopolistic competition, increasing returns and product variety. The modelling focus is on the effects of the bilateral removal of tariffs on agriculture and manufactures and services barriers. Rules of origin and other restrictive measures and the non-trade aspects of the FTAs are not taken into account due to data constraints. The computational results indicate that the benefits of bilateral FTAs for the United States and partner countries are rather small in both absolute and relative terms, and that far greater benefits could be realised if the United States and its FTA partners adopted unilateral free trade and especially if multilateral free trade was adopted by all countries/regions in the global trading system.

AB - We use the Michigan Model of World Production and Trade to assess the economic effects of the US bilateral FTAs negotiated with Central America, Australia and Morocco. The model covers 18 economic sectors in each of 22 countries/regions and is based on version 5.4 of the GTAP database for 1997 together with specially constructed estimates of services barriers and other data on sectoral employment and numbers of firms. The distinguishing feature of the model is that it incorporates imperfect competition in the manufacturing and services sectors, including monopolistic competition, increasing returns and product variety. The modelling focus is on the effects of the bilateral removal of tariffs on agriculture and manufactures and services barriers. Rules of origin and other restrictive measures and the non-trade aspects of the FTAs are not taken into account due to data constraints. The computational results indicate that the benefits of bilateral FTAs for the United States and partner countries are rather small in both absolute and relative terms, and that far greater benefits could be realised if the United States and its FTA partners adopted unilateral free trade and especially if multilateral free trade was adopted by all countries/regions in the global trading system.

UR - http://www.scopus.com/inward/record.url?scp=33645592111&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=33645592111&partnerID=8YFLogxK

U2 - 10.1111/j.1467-9701.2005.00743.x

DO - 10.1111/j.1467-9701.2005.00743.x

M3 - Article

AN - SCOPUS:33645592111

VL - 28

SP - 1441

EP - 1490

JO - World Economy

JF - World Economy

SN - 0378-5920

IS - 10

ER -