Most interesting results on the welfare effects of regional arrangements are ambiguous at a theoretical level. Many questions only have quantitative answers that are specific to the particular structural features of the economy and the policy considered. Thus, to determine the impact of prospective regional arrangements governments often rely on a quantitative evaluation. Usually at the request...

This chapter discusses whether and how 'new quantitative trade models' (NQTMs) can be fruitfully applied to quantify the welfare effects of trade liberalization, thus shedding light on the trade-related effects of further European integration. On the one hand, it argues that NQTMs have indeed the potential of being used to supplement traditional ‘computable general equilibrium’ (CGE) analysis t...

This study assesses the economy-wide impacts of private investment in hotel industry Jamaica. Specifically, paper develops a tourism-extended social accounting matrix (SAM) and dynamic computable general equilibrium (CGE) model tailored to Jamaican economy. To analyse terms poverty inequality, CGE results are linked with microsimulation model. The demonstrate that tourism investments leading an...

We surveyed the empirical literature using multi-country computable general equilibrium (CGE) models to analyse potential and actual regional trade agreements (RTAs). The studies indicate that these RTAs improve welfare, that trade creation greatly exceeds trade diversion, and that they are consistent with further global liberalisation. The welfare gains are bigger when models incorporate aspec...

This paper provides a quantitative assessment of the likely economy-wide impacts of agricultural productivity improvements in Sri Lanka. A static multi sector Computable General Equilibrium (CGE) model of the Sri Lankan economy using the input-output table for year 2000 is employed highlighting the agricultural sector and its interactions with other production sectors in the economy. The result...

This paper aims to quantify the effects of China’s participation in Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), particular by focusing on possible productivity through endogenous assignment skills technologies. In this paper, we develop a large-scale global computable general equilibrium (CGE) model which firms are heterogeneous technologies workers individual...

Abstract The Japanese government plans to reduce greenhouse gas emissions by 80% 2050. However, it is not yet clear which policy measures the will adopt achieve this goal. In regard, environmental tax reform, combination of carbon regulation and reduction existing distortionary taxes, has attracted much attention. This paper examines effects an reform in Japan. Using a dynamic computable genera...