Assessing the Impact of Trade Policy on Labour Markets and Production
نویسنده
چکیده
This paper discusses the measurement of production and employment effects of trade policy, and more broadly the effects of economic integration and globalization. First, it provides a broad-brush overview of the ex-post literature linking trade to performance, such as measures of worker displacement, adjustment costs, and econometric evidence on trade and wages. It then defines structural impact indexes, illustrating their use with a stylized CGE model-based assessment of the impact of EU enlargement on the transition economies. Finally, the last section discusses the gap between our ex-post experience with adjustment costs, and what ex-ante methods actually tell us. JEL Classification: F16; F13; F17.
منابع مشابه
Assessing the Health Impact of Trade: A Call for an Expanded Research Agenda; Comment on “The Trans-Pacific Partnership: Is It Everything We Feared for Health?”
Labonté et al provide an insightful analysis of the Trans-Pacific Partnership (TPP) and its impact on a selection of important health determinants. Their work confirms concerns raised by previous analyses of leaked drafts and offers governments serious and timely reasons to carefully consider provisions of the agreement prior to moving forward with ratification. It also contributes more general...
متن کاملThe Trans-Pacific Partnership: Is It Everything We Feared for Health?
Background Negotiations surrounding the Trans-Pacific Partnership (TPP) trade and investment agreement have recently concluded. Although trade and investment agreements, part of a broader shift to global economic integration, have been argued to be vital to improved economic growth, health, and general welfare, these agreements have increasingly come under scrutiny for their direct and indirect...
متن کاملA Note on: Alternative Quantitative Measurements of Growth and Welfare for Policy Analysis
Measuring development, growth and welfare is an important issue in normative and positive economics.The issue is more critical in developing economies where a good statistical indicator of income, livingstandard or poverty is crucial for decision-makers in corporate, government, non-government andinternational organizations in their for-profit or non-profit plans to promote business and trade, ...
متن کاملMonopsony and the Efficiency of Labour Market Interventions
Implicit in many discussions of labour market policy is the assumption that, in the absence of interventions, the operation of the labour market is well-approximated by the perfectly competitive model. The merits or demerits of particular policies is then seen as a trade-off between efficiency and equality. This paper analyses the impact of a variety of policies – the minimum wage, trade unions...
متن کاملResilience, consumption smoothing and structural policies
A dynamic stochastic general equilibrium model with non-clearing labour markets and imperfect competition is estimated for 21 OECD countries. The model provides for parameters both for preferences and technology and for the degree of structural rigidities on labour and product markets. These parameters are matched with policy indicators, establishing a relation between the model-based employmen...
متن کامل