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Les leçons du mariage entre les modèles d’équilibre général calculable et la nouvelle théorie du commerce international

Author

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  • Cockburn, John

    (Centre de recherche en économie et finance appliquées (CRÉFA), Université Laval)

  • Decaluwé, Bernard

    (Centre de recherche en économie et finance appliquées (CRÉFA), Université Laval)

  • Dostie, Benoît

    (Centre de recherche en économie et finance appliquées (CRÉFA), Université Laval)

Abstract

The new trade theory shows that taking into account imperfect competition and economies of scale can drastically modify our predictions concerning the impact of trade policy. However, despite the apparent importance of these phenomena and the extent of current trade liberalization in developing countries, there are extremely few empirical trade analyses which consider them. Further, we find that the principal exception to this rule is a study that contains a modelling inconsistency leading to a considerable overestimation of the pro-competitive effects of trade liberalization. We present in detail the theoretical foundations and the procedure to follow in consistently modelling imperfect competition in a traditional computable general equilibrium trade model. An illustration is then provided through an analysis of Tunisian trade policy options which indicates that very limited pro-competitive effects are to be expected from trade liberalization. La nouvelle théorie du commerce international démontre que la présence de concurrence imparfaite et d’économies d’échelle peut modifier de manière radicale les impacts de politiques commerciales. Toutefois, malgré l’ampleur apparente de ces deux phénomènes dans les pays en développement et les réformes commerciales qui y sont présentement appliquées, très rares sont les études empiriques qui en tiennent compte. De plus, nous montrons que la principale étude qui fait exception contient une incohérence de modélisation qui mène à une surestimation considérable de l’effet dit procompétitif de la libéralisation commerciale. Nous présentons en détail les fondements théoriques et la procédure à suivre pour une intégration cohérente de la concurrence imparfaite dans un modèle traditionnel d’équilibre général calculable. Le fonctionnement du modèle est ensuite illustré à travers une application à la Tunisie, application qui indique que l’effet procompétitif à espérer de la libéralisation commerciale y est faible.

Suggested Citation

  • Cockburn, John & Decaluwé, Bernard & Dostie, Benoît, 1998. "Les leçons du mariage entre les modèles d’équilibre général calculable et la nouvelle théorie du commerce international," L'Actualité Economique, Société Canadienne de Science Economique, vol. 74(3), pages 381-413, septembre.
  • Handle: RePEc:ris:actuec:v:74:y:1998:i:3:p:381-413
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    References listed on IDEAS

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    1. Brown, D.K., 1993. "Properties of Applied General Equilibrium Trade Models with Monopolistic Competition and Foreign Direct Investment," Working Papers 321, Research Seminar in International Economics, University of Michigan.
    2. Jaime de Melo & David Roland-Holst, 2015. "An Evaluation of Neutral Trade Policy Incentives Under Increasing Returns to Scale," World Scientific Book Chapters,in: Modeling Developing Countries' Policies in General Equilibrium, chapter 17, pages 367-383 World Scientific Publishing Co. Pte. Ltd..
    3. Harris, Richard, 1984. "Applied General Equilibrium Analysis of Small Open Economies with Scale Economies and Imperfect Competition," American Economic Review, American Economic Association, vol. 74(5), pages 1016-1032, December.
    4. Devarajan, Shantayanan & Rodrik, Dani, 1989. "Trade Liberalization in Developing Countries: Do Imperfect Competition and Scale Economies Matter?," American Economic Review, American Economic Association, vol. 79(2), pages 283-287, May.
    5. Jaime de Melo & David Roland-Holst, 2015. "Industrial Organization and Trade Liberalization: Evidence from Korea," World Scientific Book Chapters,in: Modeling Developing Countries' Policies in General Equilibrium, chapter 18, pages 385-404 World Scientific Publishing Co. Pte. Ltd..
    6. Devarajan, Shantayanan & Rodrik, Dani, 1991. "Pro-competitive effects of trade reform : Results from a CGE model of Cameroon," European Economic Review, Elsevier, vol. 35(5), pages 1157-1184, July.
    7. Rodrik, Rani, 1995. "Trade and industrial policy reform," Handbook of Development Economics,in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 45, pages 2925-2982 Elsevier.
    8. Little, I M D, 1987. "Small Manufacturing Enterprises in Developing Countries," World Bank Economic Review, World Bank Group, vol. 1(2), pages 203-235, January.
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    Cited by:

    1. Haykel HADJ SALEM, "undated". "Impacts of the Euro-Tunisian Agreements of Free Exchange: Evaluation by a Computable General Equilibrium Model in 1996," Middle East and North Africa 330400034, EcoMod.
    2. repec:dau:papers:123456789/4936 is not listed on IDEAS
    3. Lucke, Bernd & Zotti, Jacopo, 2016. "Macroeconomic effects of the Barcelona Initiative," Journal of Policy Modeling, Elsevier, vol. 38(5), pages 837-854.
    4. Haykel HADJ SALEM, "undated". "Impacts of the Euro-Tunisian Agreements of Free Exchange: Evaluation by a Computable General Equilibrium Model in 1996," EcoMod2004 330600062, EcoMod.
    5. Marijke Kuiper, 2004. "Fifty ways to leave your protection: comparing applied models of the Euro-Mediterannean association agreements," ENARPRI Working Papers 006, ENARPRI (European Network of Agricultural and Rural Policy Research Institutes).
    6. Fida Karam, 2011. "Trade Liberalization and the Skill Composition of Migrant Flows: the Case of Morocco," Working Papers 595, Economic Research Forum, revised 07 Jan 2011.
    7. repec:dau:papers:123456789/1696 is not listed on IDEAS

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