American University
Browse
auislandora_64365_OBJ.pdf (208.27 kB)

The effects of non-tariff measures on prices, trade, and welfare : CGE implementation of policy-based price comparisons

Download (208.27 kB)
online resource
posted on 2023-08-05, 08:27 authored by Soamiely Andriamananjara, Judith M. Dean, Robert FeinbergRobert Feinberg, Michael J. Ferrantino, Rodney Ludema, Marinos Tsigas

The global economic effects of eliminating certain significant categories of non- tariff measures (NTMs) are estimated in a CGE context. As a first step, a database of institutional information identifying alleged instances of NTMs for particular products and countries is constructed based on WTO, U.S. Government, and EU sources, and compared with the UNCTAD policy inventory. This database is then concorded to a GTAP-feasible multiregion, multisector aggregation. Retail price data from the EIU CityData database, similarly concorded, are analyzed econometrically, taking into account systematic deviations from purchasing-power parity, to determine whether and to what extent the presence of alleged NTMs is associated with significantly higher prices. The estimated price effects are then used to calibrate a CGE simulation in order to obtain simulation estimates of trade and welfare effects of their removal, which can be disaggregated. Removal of the categories of NTMs under consideration yields global gains on the order of $90 billion. These gains arise notably from liberalization by Japan and the European Union by region, and from liberalization of apparel and machinery/equipment by sector.

History

Publisher

Office of Economics U.S. International Trade Commission

Handle

http://hdl.handle.net/1961/auislandora:64365

Usage metrics

    Economics

    Categories

    No categories selected

    Keywords

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC