IDEAS home Printed from https://ideas.repec.org/p/ags/aaea06/21170.html
   My bibliography  Save this paper

An Economy-wide Analysis of Impacts of WTO Tiered Formula for Tariff Reduction on Taiwan

Author

Listed:
  • Hsu, Shih-Hsun
  • Chang, Ching-Cheng
  • Li, Shu-Yuan
  • Chen, Yi-Chieh

Abstract

In this study we use Taiwan as a case study to provide an economy-wide analysis of impacts on Taiwan of WTO tariff reduction schemes with different combinations of thresholds and reduction rates. The model we utilized in this study is Taiwan General Equilibrium Model with a WTO module (TAIGEM-WTO, hereafter) that is a multi-sectoral computable general equilibrium (CGE) model of the Taiwan's economy derived from Australian ORANI model (Dixon, Parmenter, Sutton and Vincent, 1982). Simulation results show that results are more sensitive to the scheme of tariff-reduction (i.e., Category 1, 2, and 3) than the tiered levels (i.e., A, B, C, and D) and as a strategy we should pay more attention to the arguments related to the amounts of tariff-reduction. Moreover, changes in nominal average tariff rates are more sensitive and shocks to the economy are more severe when we change the tariff reduction categories rather than the tiered levels. This conclusion also applies to the tiered reduction case when only sensitive products are considered. Finally, simulations with sector's bound rate calculated using arithmetic means have bigger effects than those using import values as weights. Therefore, sector's bound rate using import values as weights would be preferred.

Suggested Citation

  • Hsu, Shih-Hsun & Chang, Ching-Cheng & Li, Shu-Yuan & Chen, Yi-Chieh, 2006. "An Economy-wide Analysis of Impacts of WTO Tiered Formula for Tariff Reduction on Taiwan," 2006 Annual meeting, July 23-26, Long Beach, CA 21170, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea06:21170
    DOI: 10.22004/ag.econ.21170
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/21170/files/sp06hs01.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.21170?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ching-Cheng Chang & Robert Mendelsohn & Daigee Shaw (ed.), 2003. "Global Warming and the Asian Pacific," Books, Edward Elgar Publishing, number 3120.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Schumacher, Katja & Sands, Ronald D., 2007. "Where are the industrial technologies in energy-economy models? An innovative CGE approach for steel production in Germany," Energy Economics, Elsevier, vol. 29(4), pages 799-825, July.
    2. Lee, Huey-Lin & Chang, Ching-Cheng & Weng, Yung-Ho & Hsu, Sheng-Ming & Hsu, Shih-Hsun, 2009. "An Economy-wide Analysis of Impacts on Taiwan of Reducing Tariff Escalation on Agriculture-Related Products in WTO Doha Round Negotiations," 2009 Conference, August 16-22, 2009, Beijing, China 51655, International Association of Agricultural Economists.
    3. William M. Fonta & Aymar Y. Bossa & Mouhamadou B. Sylla, 2017. "The Economic Impact of Climate Change on Plantation Agriculture in Nigeria: Implication for Enhanced Productivity," Working Papers 342, African Economic Research Consortium, Research Department.
    4. Fischer, Carolyn, 2005. "Project-based mechanisms for emissions reductions: balancing trade-offs with baselines," Energy Policy, Elsevier, vol. 33(14), pages 1807-1823, September.
    5. Lee, Huey-Lin & Chang, Ching-Cheng & Weng, Yung-Ho & Hsu, Sheng-Ming & Hsu, Shih-Hsun, 2008. "An Economy-wide Analysis of Impacts on Taiwan of Reducing Tariff Escalation on Agriculture-Related Products in WTO Doha Round Negotiations," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6170, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Hsu, Shih-Hsun & Chang, C. & Li, S. & Chen, Y., 2006. "An Economy-wide Analysis of Impacts of WTO Tiered Formula for Tariff Reduction on Taiwan," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25546, International Association of Agricultural Economists.

    More about this item

    Keywords

    International Relations/Trade;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea06:21170. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.