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Modelling the Impact of Trade Liberalisation : A Critique of Computable General Equilibrium Models (Paperback)

Author: Taylor, Lance

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Product Overview

This hard-hitting research report presents a rigorous critique of the most widely used trade models based on computable general equilibrium (CGE) models. The authors present concise analytical arguments explaining the fundamental weaknesses of typical CGE models. They show that these models tend to make unrealistic assumptions about the macro-economy and do not allow an accurate estimation of the welfare gains that trade liberalization is supposed to induce. The report appeals for honest simulation strategies showing a variety of possible outcomes, which would enable policymakers to assess the different scenarios for themselves.


Publisher Stylus Pub Llc
Mfg Part# 9780855985851
SKU 203513577
Format Paperback
ISBN10 0855985852
Release Date 7/1/2007
Product Attributes
Book Format Paperback
Number of Pages 0062
Publisher Oxfam
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