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The liberalization of services trade: potential impacts in the aftermath of the Uruguay Round

In: Comparative Advantage, Growth, And The Gains From Trade And Globalization A Festschrift in Honor of Alan V Deardorff

Author

Listed:
  • Drusilla K. Brown
  • Alan V. Deardorff
  • Alan K. Fox
  • Robert M. Stern

Abstract

The following sections are included:A description of the analytical modelAssumptions underlying the modelFull employmentBalanced tradeRents and revenuesFixed relative wagesFixed labor supplyPolicy input data: comments on reductions in tariffs and tariff equivalentsTariff rates on industrial productsTariff rates on agricultural productsServices-trade barriersModel simulationsSimulation 1Simulation 2Simulation 3Aggregate impacts of the three liberalization scenariosEconomic welfareReal wages and return to capitalSector-specific impacts of the three liberalization scenariosSimulation 1Simulation 2Simulation 3Appendix A Developing data on “tradable” servicesNotesReferences

Suggested Citation

  • Drusilla K. Brown & Alan V. Deardorff & Alan K. Fox & Robert M. Stern, 2011. "The liberalization of services trade: potential impacts in the aftermath of the Uruguay Round," World Scientific Book Chapters, in: Robert M Stern (ed.), Comparative Advantage, Growth, And The Gains From Trade And Globalization A Festschrift in Honor of Alan V Deardorff, chapter 42, pages 615-638, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814340373_0042
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