A Simple Measure for Evaluation of Trade Policy Options with Application to Botswana
This paper develops a simple measure for evaluating the static welfare gains and losses from the trade policy options facing a small open economy. The alternatives of a customs union and a free trade agreement are considered relative to the go-it-alone base case. The measure can be implemented empirically with modest data requirements, and is used to evaluate the trade policy options facing Botswana. Copyright 1995 by Oxford University Press.
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Volume (Year): 4 (1995)
Issue (Month): 2 (October)
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