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General Equilibrium Evaluation of Canada-U.S. Trade Liberalization in a Global Context

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Author Info
Randall Wigle
Abstract

This paper analyzes the effects of Canada-U.S. trade liberalization using a revised version of the global trade model due to J. Whalley (1986). The model incorpora tes scale features similar to those in R. G. Harris and D. Cox (1984). The evaluated effects of bilateral free trade are significantly dif ferent than those of Harris and Cox, and the paper evaluates the cont ribution of various model features to these differences. Elasticity v alues used, calibration procedures used, and the basic model structur e (global versus one-country) are found to be important contributions to the difference in model results.

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Publisher Info
Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 21 (1988)
Issue (Month): 3 (August)
Pages: 539-64
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Handle: RePEc:cje:issued:v:21:y:1988:i:3:p:539-64

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  1. Gabrielle Antille & Fabrizio Carlevaro & Nicolas Schmitt & Simon Fraser, 1990. "Europe 1992 and Beyond: Towards a Quantitative General Equilibrium Assessment for Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 126(III), pages 193-213, September. [Downloadable!]
  2. Linda Hunter & James R. Markusen & Thomas F. Rutherford, 1991. "Trade Liberalization in a Multinational-Dominated Industry: A Theoretical and Applied General-Equilibrium Analysis," NBER Working Papers 3679, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Jean Mercenier, 1994. "Nonuniqueness of solutions in applied general equilibrium models with scale economies and imperfect competition," Staff Report 183, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
  4. Kaludura Abayasiri-Silva & Mark Horridge, 1996. "Economies of Scale and Imperfect Competition in an Applied General Equilibrium Model of the Australian Economy," Centre of Policy Studies/IMPACT Centre Working Papers op-84, Monash University, Centre of Policy Studies/IMPACT Centre. [Downloadable!]
  5. Kaludura Abayasiri-Silva & Mark Horridge, 1998. "The Effects of Current Fiscal Restraint on the Australian Economy: an Applied General Equilibrium Analysis with Imperfect Competition," Centre of Policy Studies/IMPACT Centre Working Papers op-91, Monash University, Centre of Policy Studies/IMPACT Centre. [Downloadable!]
  6. Heinz Hauser & Peter Moser, 1990. "Die wirtschaftswissenschaftliche Forschung über Fragen Schweiz - EG: Stand, Hauptergebnisse, Lücken," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 126(III), pages 231-253, September. [Downloadable!]
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