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Trade Effects of Service Liberalization in the EU - Simulation of Regional Macroeconomic Effects for Austria

Author

Listed:
  • Oliver Fritz

    (WIFO)

  • G. Streicher

Abstract

Based on simulations with a computable general equilibrium model the impacts of service liberalization policies on trade flows were estimated by wiiw. Given these trade effects resulting changes in value added and employment on a regional level were simulated using a multiregional multisectoral model for Austria (MultiREG). Because net exports changed very little, the impact of trade liberalization policies on the Austrian value added turned out to be rather small: While in the short run value added declines somewhat, the impact is positive in the long run; value added, however, increases only by 0.3 percent.

Suggested Citation

  • Oliver Fritz & G. Streicher, 2008. "Trade Effects of Service Liberalization in the EU - Simulation of Regional Macroeconomic Effects for Austria," FIW Research Reports series I-005, FIW.
    • Handle: RePEc:wsr:ecbook:2008:i:i-005
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    References listed on IDEAS

    as
    1. Sergio J. Rey, 2000. "articles: Integrated regional econometric+input-output modeling: Issues and opportunities," Papers in Regional Science, Springer;Regional Science Association International, vol. 79(3), pages 271-292.
    2. Kurt Kratena, 1994. "MULTIMAC I. Das gesamtwirtschaftliche Input-Output-Modell des WIFO," WIFO Monatsberichte (monthly reports), WIFO, vol. 67(6), pages 362-372, June.
    3. Joseph F. Francois & Olga Pindyuk & Julia Woerz, 2008. "Trade Effects of Services Trade Liberalization in the EU," FIW Research Reports series I-004, FIW.
    4. Kurt Kratena & Gerold Zakarias, 2001. "MULTIMAC IV: A Disaggregated Econometric Model of the Austrian Economy," WIFO Working Papers 160, WIFO.
    5. Richard S. Conway Jr., 1990. "The Washington Projection and Simulation Model: A Regional Interindustry Econometric Model," International Regional Science Review, , vol. 13(1-2), pages 141-165, April.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Innwon Park & Soonchan Park, 2011. "Regional Liberalisation of Trade in Services," The World Economy, Wiley Blackwell, vol. 34, pages 725-740, May.
    2. Erwin Kolleritsch & Patricia Walter, 2020. "Freizügigkeit des Dienstleistungsexports im EU-Binnenmarkt und Effekte auf die österreichische Wirtschaft," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1-Q2/20, pages 89-109.
    3. Michael Böheim, 2010. "Wettbewerbspolitik nach der Wirtschaftskrise," WIFO Monatsberichte (monthly reports), WIFO, vol. 83(10), pages 831-846, October.
    4. Michael Böheim, 2010. "Competition Policy in the Wake of the Economic Crisis," Austrian Economic Quarterly, WIFO, vol. 15(4), pages 349-363, December.

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    Keywords

    Export of Services;

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