Showing 1 - 10 of 147
Rodriguez-Clare (2014), we estimate the welfare effects of the AfCFTA for 45 countries in Africa. Three different model … welfare gains from trade liberalization in Africa. As intra-regional import tariffs in the continent are already low, the bulk …
Persistent link: https://www.econbiz.de/10012102028
Africa and its major Regional Economic Communities (RECs). The results of the instrumental variable and panel fixed …-effects estimation show that RTI promotes economic growth in Africa. However, it fosters income divergence, reflecting the distribution …
Persistent link: https://www.econbiz.de/10012517925
developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff …-Saharan Africa tend to experience signficantly lower markups after allowing greater trade integration. The effects of trade …
Persistent link: https://www.econbiz.de/10012299347
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of...
Persistent link: https://www.econbiz.de/10014395212
This paper attempts to assess the incremental external financing requirements occasioned by changes in world food prices, due to implementation of the Uruguay Round Agreement on Agriculture, for a sample of 57 developing countries. Based on estimates of changes in food prices due to the Round...
Persistent link: https://www.econbiz.de/10014395317
This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate...
Persistent link: https://www.econbiz.de/10014395794
This paper examines two important issues for a small high-inflation open economy with trade controls where the government implements an exchange-rate based stabilization program: first, the extent to which the degree of openness of the economy influences the probability of success of the...
Persistent link: https://www.econbiz.de/10014395866
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395944
Trade liberalization affects not only the external sector, production, and prices, but also the fiscal balance, through changes in tariff revenue, and through the sensitivity of the budget to induced changes in the exchange rate and in the level and distribution of income and employment. This...
Persistent link: https://www.econbiz.de/10014396059
This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a multiple exchange rate system. The results of the...
Persistent link: https://www.econbiz.de/10014396238