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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2020.1
- 수록면
- 185 - 201 (17page)
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This paper uses a computable model of trade to estimate the effects of a free trade agreement on the services and the manufacturing sector. It is parameterized using 2005 data for 6 services industries and total manufacturing sector in 32 countries. The results show that a 10% reduction in both services and total manufacturing trade costs in all the countries will increase welfare by an average 10.20% across all countries. The average welfare gains across all countries are higher in case of reduction in only services trade costs compared to a 10% reduction in only manufacturing trade costs. Interestingly, however there are some countries in which trade liberalization in manufacturing brings more welfare than trade liberalization in services, while in other countries it is vice versa. The simulation results also show that implementing a trade agreement between the U.S. and the U.K. which reduces trade costs in both services and manufacturing by 10% would increase welfare in both the countries: 1.18% in the U.K. and 0.98% in the U.S. In the U.S. specialization increases in travel services, other services and manufacturing. In the U.K. specialization increases in financial services, construction services and manufacturing.
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참고문헌 (20)
참고문헌 신청
Anderson, J. E. / 2018 / Dark costs, missing data : Shedding some light on services’ trade / European Economic Review 105:193~214
Anderson, J. E. / 2014 / How much does geography deflect services trade? Canadian Answers / International Economic Review 55(3):791~818
Armington, P. S. / 1969 / A theory of demand for products distinguished by place of production / IMF Staff Papers 16(1):159~178
Ceglowski, J. / 2006 / Does gravity matter in a service economy? / Review of World Economy 142:307~329
Eaton, J. / 1999 / International technology diffusion : Theory and measurement / International Economic Review 40:537~570
Anderson, J. E. / 2014 / How much does geography deflect services trade? Canadian Answers / International Economic Review 55(3):791~818
Armington, P. S. / 1969 / A theory of demand for products distinguished by place of production / IMF Staff Papers 16(1):159~178
Ceglowski, J. / 2006 / Does gravity matter in a service economy? / Review of World Economy 142:307~329
Eaton, J. / 1999 / International technology diffusion : Theory and measurement / International Economic Review 40:537~570
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