Trade liberalization, factor market flexibility, and growth: the case of Morocco and Tunisia
"In recent years there has been an increasing recognition of the importance of complementary policies in enhancing the benefits of a more open trade regime. This study focuses on the importance of factor market flexibility to trade reforms. Using the Global Trade Analysis Project (GTAP) model a...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
2006
|
| Schriftenreihe: | Policy research working paper
3857 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "In recent years there has been an increasing recognition of the importance of complementary policies in enhancing the benefits of a more open trade regime. This study focuses on the importance of factor market flexibility to trade reforms. Using the Global Trade Analysis Project (GTAP) model and database, the results show that the welfare impact of trade reform is contingent on the flexibility of factor markets, with higher welfare gains occurring where factor markets are more flexible, and vice-versa. Defining two extreme factor market scenarios over Morocco and Tunisia, the author finds that the welfare gains of trade reforms under conditions of flexible factor markets can be as much as six times the gains compared with a rigid factor market scenario. This is so because whereas trade reforms may improve the incentive structure for resource reallocation, the extent to which resources move from less efficient to more efficient sectors of an economy is dependent on the degree of flexibility of factor markets. "--World Bank web site |
| Beschreibung: | Includes bibliographical references. - Title from PDF file as viewed on 3/8/2006 Erscheinungsjahr in Vorlageform:[2006] |
| Beschreibung: | 1 Online-Ressource (18 Seiten) |
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| geographic | Morocco Commercial policy Tunisia Commercial policy |
| geographic_facet | Morocco Commercial policy Tunisia Commercial policy |
| id | DE-604.BV040618462 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-14T11:01:57Z |
| institution | BVB |
| language | English |
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| spelling | Dennis, Allen Curtis Verfasser aut Trade liberalization, factor market flexibility, and growth the case of Morocco and Tunisia Allen Dennis [Washington, D.C] World Bank 2006 1 Online-Ressource (18 Seiten) txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3857 Includes bibliographical references. - Title from PDF file as viewed on 3/8/2006 Erscheinungsjahr in Vorlageform:[2006] "In recent years there has been an increasing recognition of the importance of complementary policies in enhancing the benefits of a more open trade regime. This study focuses on the importance of factor market flexibility to trade reforms. Using the Global Trade Analysis Project (GTAP) model and database, the results show that the welfare impact of trade reform is contingent on the flexibility of factor markets, with higher welfare gains occurring where factor markets are more flexible, and vice-versa. Defining two extreme factor market scenarios over Morocco and Tunisia, the author finds that the welfare gains of trade reforms under conditions of flexible factor markets can be as much as six times the gains compared with a rigid factor market scenario. This is so because whereas trade reforms may improve the incentive structure for resource reallocation, the extent to which resources move from less efficient to more efficient sectors of an economy is dependent on the degree of flexibility of factor markets. "--World Bank web site 2006 Morocco Commercial policy Tunisia Commercial policy World Bank Sonstige oth Reproduktion von Dennis, Allen Curtis Trade liberalization, factor market flexibility, and growth 2006 http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3857 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Dennis, Allen Curtis Trade liberalization, factor market flexibility, and growth the case of Morocco and Tunisia |
| title | Trade liberalization, factor market flexibility, and growth the case of Morocco and Tunisia |
| title_auth | Trade liberalization, factor market flexibility, and growth the case of Morocco and Tunisia |
| title_exact_search | Trade liberalization, factor market flexibility, and growth the case of Morocco and Tunisia |
| title_full | Trade liberalization, factor market flexibility, and growth the case of Morocco and Tunisia Allen Dennis |
| title_fullStr | Trade liberalization, factor market flexibility, and growth the case of Morocco and Tunisia Allen Dennis |
| title_full_unstemmed | Trade liberalization, factor market flexibility, and growth the case of Morocco and Tunisia Allen Dennis |
| title_short | Trade liberalization, factor market flexibility, and growth |
| title_sort | trade liberalization factor market flexibility and growth the case of morocco and tunisia |
| title_sub | the case of Morocco and Tunisia |
| topic_facet | Morocco Commercial policy Tunisia Commercial policy |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3857 |
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