Trade Effects of Service Liberalization in the EU. Simulation of Regional Macroeconomic Effects for Austria
In a separate research paper, Francois – Pindyuk – Wörz (2008) analyse the quantitative effects of different trade liberalisation scenarios on exports and imports for a host of countries. Based on their results the aim of this paper is to estimate the macroeconomic consequences of the trade effects...| Link(s) zu Dokument(en): | WIFO Publikation |
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| Veröffentlicht in: | WIFO Studies |
| Hauptverfasser: | , |
| Format: | book |
| Sprache: | Englisch |
| Veröffentlicht: |
2008
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| Schlagworte: |
| Zusammenfassung: | In a separate research paper, Francois – Pindyuk – Wörz (2008) analyse the quantitative effects of different trade liberalisation scenarios on exports and imports for a host of countries. Based on their results the aim of this paper is to estimate the macroeconomic consequences of the trade effects on a regional level for Austria. The analysis as a whole is thus a combined application of two quite distinct model types: A computable general equilibrium (CGE) model was used to estimate the international trade effects of different liberalisation regimes. The results from this analysis with respect to changes in exports and imports were then fed into a regional econometric input-output model (MultiREG) to explore in more detail the regional macroeconomic consequences. The analysis thus concentrates on regionalising the trade effects as simulated in the CGE model. These trade effects are given – a MultiREG analysis with endogenous trade (i.e., endogenous import reactions, since exports are exogenous in the current model version) would probably have led to somewhat different overall effects. Such differences, however, are not explored any further in this report. |
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