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The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model

The African Continental Free Trade Agreement: Welfare Gains Estimates from a General Equilibrium Model »

Volume/Issue: 2019/124

Series: IMF Working Papers

Author(s): Lisandro Abrego , Maria Alejandra Amado , Tunc Gursoy , Garth Nicholls , and Hector Perez-Saiz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 June 2019

DOI: http://dx.doi.org/10.5089/9781498314398.001

ISBN: 9781498314398

Keywords: Economic integration, Open economies, International trade agreements, Trade finance, Comparative advantage, AfCFTA, welfare, general equilibrium, trade barriers, welfare gain

In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and s...

The Price of Capital Goods: A Driver of Investment Under Threat

The Price of Capital Goods: A Driver of Investment Under Threat »

Volume/Issue: 2019/134

Series: IMF Working Papers

Author(s): Weicheng Lian , Natalija Novta , Evgenia Pugacheva , Yannick Timmer , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2019

DOI: http://dx.doi.org/10.5089/9781498317429.001

ISBN: 9781498317429

Keywords: Real interest rates, Producer prices, Economic integration, Capital goods, Low-income developing countries, Relative price of investment goods, trade integration, trade barriers, capital deepening, global value chain

Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show...

Trade Wars and Trade Deals: Estimated Effects using a Multi-Sector Model

Trade Wars and Trade Deals: Estimated Effects using a Multi-Sector Model »

Volume/Issue: 2019/143

Series: IMF Working Papers

Author(s): Carlos Caceres , Diego Cerdeiro , and Rui Mano

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2019

DOI: http://dx.doi.org/10.5089/9781498318440.001

ISBN: 9781498318440

Keywords: Export restraints, Balance of trade, Patterns of trade, Trade models, International trade agreements, general equilibrium, trade, tariffs, trade tensions, global value chains.

This paper studies the potential long-term effects of three illustrative scenarios using a multi-sector computable general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates eff...

11 Impact of the Uruguay Round

11 Impact of the Uruguay Round »

Source: Trade Policy Issues

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1997

ISBN: 9781557756213

Keywords: trade liberalization, free trade, uruguay round, trade diversion, trade reforms

I would like to preface my remarks by saying that I am here in a personal capacity, and not as a representative of the WTO. The topic this morning is the impact of the U...

2 Introduction

2 Introduction »

Source: Trade Policy Issues

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1997

ISBN: 9781557756213

Keywords: trade liberalization, free trade, uruguay round, trade diversion, trade reforms

As Mr. Ouattara’s remarks have suggested, we in the Fund have been devoting increasing attention to structural reforms as a necessary complement to macroeconomic stabilization in th...

4 Issues in the Design and Implementation of Trade Reforms—Experience in Developing and Transition Economies

4 Issues in the Design and Implementation of Trade Reforms—Experience in Developing and Transition Economies »

Source: Trade Policy Issues

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1997

ISBN: 9781557756213

Keywords: trade liberalization, free trade, uruguay round, trade diversion, trade reforms

I would like today to discuss selected issues in the design and implementation of trade reforms based on our experience with adjustment programs supported by the use of Fund resourc...

IV Implications for Developing Countries

IV Implications for Developing Countries »

Source: Trade Policy Developments in Industrial Countries

Series: Occasional Papers

Author(s): Wanda Tseng , Lorenzo Pérez , Zubair Iqbal , and Shailendra Anjaria

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 1981

ISBN: 9781557750822

Keywords: international trade, oil exporting, exporting developing countries, bilateral agreements, quantitative restrictions

Recent Developments Export performance of developing countries is affected by many factors, such as the domestic policies adopted, the growth of demand in industrial countries’ marke...

1 Opening Address

1 Opening Address »

Source: Trade Policy Issues

Series: Books

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1997

ISBN: 9781557756213

Keywords: trade liberalization, free trade, uruguay round, trade diversion, trade reforms

It is indeed my pleasure to welcome you to this seminar on Trade Policy Issues organized by the IMF Institute, headed by Patrick de Fontenay, and the Policy Development and Review D...

The Price of Capital Goods: A Driver of Investment Under Threat

The Price of Capital Goods: A Driver of Investment Under Threat »

Source: The Price of Capital Goods: A Driver of Investment Under Threat

Volume/Issue: 2019/134

Series: IMF Working Papers

Author(s): Weicheng Lian , Natalija Novta , Evgenia Pugacheva , Yannick Timmer , and Petia Topalova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2019

ISBN: 9781498317429

Keywords: Real interest rates, Producer prices, Economic integration, Capital goods, Low-income developing countries, Relative price of investment goods, trade integration, trade barriers, capital deepening, global value chain

Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show...

Regional Trade Arrangements in Africa

Regional Trade Arrangements in Africa »

Series: IMF Special Issues

Author(s): Sanjeev Gupta , and Yongzheng Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2005

DOI: http://dx.doi.org/10.5089/9781589064393.058

ISBN: 9781589064393

Keywords: Trade, Trade policy, trade liberalization, intraregional trade, regional integration, trade barriers, regional trade

In recent years, African policymakers have increasingly resorted to regional trade arrangements (RTAs) as a substitute for broad-based trade liberalization. This trend has long-term implications for the effectivene...