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Trade and Economic Effects of Policy Measures Taken in Response to the Economic Crisis

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  • van Tongeren, Frank

Abstract

This paper uses stylized GTAP simulations to analyze the trade- and income effects of different policy measures taken in 2008/09 in response to the economic crisis. The analysis concentrates on behind-theborder measures that are part of massive fiscal stimulus packages, but also looks into direct trade policy instruments. The paper presents a taxonomy of measures according to there first point of incidenc and carries out a number of stylized simulations to trace their trade- and income effects. Some new border measures in the wake of the crisis are reported by the WTO, but they cover at most 1 per cent of pre-crisis trade levels and they have not been major elements in the policy response. Trade effects of behind-the border measures are of more concern, but evidently less visible than border measures.When designing the economic stimulus packages trade effects may not have been amongst the primary concerns of policy makers, but some aspects of these packages are more trade-friendly than others, and they have potentially more structural impacts. ----------------------------------

Suggested Citation

  • van Tongeren, Frank, 2010. "Trade and Economic Effects of Policy Measures Taken in Response to the Economic Crisis," Conference papers 331970, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:331970
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    File URL: https://ageconsearch.umn.edu/record/331970/files/4807.pdf
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    References listed on IDEAS

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    1. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, December.
    2. William R. Cline, 2007. "Global Warming and Agriculture: Impact Estimates by Country," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4037, October.
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