In this paper, a multiregional computable general equilibrium model, which divides the United States (US) into four broad geographical regions and aggregates other nations into the rest of the world, is used to analyze the effects associated with environmental and technological policy shifts in...

This paper is a contribution to the literature on rational design of trade agreements. The World Trade Organization (WTO) is an incomplete contract among sovereign states. Incomplete contracts contain gaps. Ex post, contractual gaps may leave gains from trade unrealized; they may create...

This paper constitutes an attempt to reframe and eventually deflate the ongoing “compliance-vs.-rebalancing” debate which has permeated WTO scholarship for the last 10 years. Our main criticism concerns the substance of the entire debate. We find that scholars on both sides of the...

The paper presents a set of Armington substitution elasticities, and the concordances between different models and their aggregates, which are required to generate a consistent set of elasticities between the Commission's United States CGE model, USITC model, and the Global Trade Analysis...

A global trade, economy-wide framework is used to assess the implications of improvements in market access through quota expansion and lowering of in- and out-of-quota tariffs. Special features include recent estimates of applied tariffs and TRQs and explicit treatment of those policies in the...

This paper discusses GTAP-L, an extension of the GTAP model that allows for the analysis of U.S. simulated unemployment effects in trade scenarios. The market clearing condition in the standard GTAP model which equates vacancies to separations was replaced with a matching function. In a matching...