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Utilized normal Equilibrium (AGE) types have confirmed to be the software of selection for interpreting the North American loose exchange contract (NAFTA). This assortment includes crucial contributions to this burgeoning literature through a few of the top practitioners within the box. It additionally comprises an intensive examine survey, together with comparisons of version dimensions, behavioral good points, info resources, coverage experiments, and major conclusions for coverage. the quantity includes a variety of methodological advances in AGE modeling of alternate coverage.
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Additional info for Modeling Trade Policy: Applied General Equilibrium Assessments of North American Free Trade
And J. Whalley, eds. 1986. General equilibrium trade policy modeling. Cambridge, MA: MIT Press. S. Trade Representative. 1991. Response of the administration to issues raised in connection 44 Introduction with the negotiation of a North American free trade agreement. Transmitted to Congress by the president on May 1. S. International Trade Commission. 1991. The likely impact on the United States of a free trade agreement with Mexico. Publication 2353, February. 1992. Economy-wide modeling of the economic implications of a FTA with Mexico and a NAFTA with Canada and Mexico.
Fruit and vegetable market 1. Ad valorem tariff rates for Mexico 2. Urban and rural corn prices, given Mexico's corn tax and subsidy configuration 3. Value added tax rates for manufacturing and services 4. Direct tax rates on productive factors and households 5. Average cost, internal rate of return, and labor requirements for irrigation projects 1. Efficiency gains of Mexican corn liberalization are substantial but unevenly distributed 2. Gradualism does not greatly reduce efficiency gains but barely mitigates welfare losses for affected groups 3.
Direct tax rates on productive factors and households 5. Average cost, internal rate of return, and labor requirements for irrigation projects 1. Efficiency gains of Mexican corn liberalization are substantial but unevenly distributed 2. Gradualism does not greatly reduce efficiency gains but barely mitigates welfare losses for affected groups 3. Irrigation investments increase demand for rural labor and the value of rain-fed land, thereby mitigating the welfare losses caused by Mexican corn liberalization 4.