The Welfare Implications of Services Liberalization in a Developing Country is popular PDF and ePub book, written by Mr.Nizar Jouini in 2013-05-15, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Welfare Implications of Services Liberalization in a Developing Country can be Read Online from any device for your convenience.
The Welfare Implications of Services Liberalization in a Developing Country Book PDF Summary
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of entry-sunk costs. Hence, liberalization is treated assuming a government's policy decision aimed at reducing those costs. Then, we estimate the model using Bayesian techniques for Tunisia and the Euro Area. The paper presents a precise quantitative evaluation of services trade barriers as the difference between entry-sunk costs in Tunisia versus the Euro Area. We find significant welfare benefits in addition to aggregate and sectoral growth gains the Tunisian economy could attain following services liberalization. Surprisingly, the goods sector is the one that benefits the most from services liberalization in the short- and long-term horizons.
Detail Book of The Welfare Implications of Services Liberalization in a Developing Country PDF
- Author : Mr.Nizar Jouini
- Release : 15 May 2013
- Publisher : International Monetary Fund
- ISBN : 9781484367735
- Genre : Business & Economics
- Total Page : 43 pages
- Language : English
- PDF File Size : 15,8 Mb
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