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"Computable general equilibrium (CGE) models are widely used by governmental organizations and academic institutions to analyze the economy-wide effects of events such as climate change, tax policies, and immigration. This book provides a practical, how-to guide to CGE models suitable for use at the undergraduate college level. Its introductory level distinguishes it from other available books and articles on CGE models. The book provides intuitive and graphical explanations of the economic theory that underlies a CGE model and includes many examples and hands-on modeling exercises. It may be used in courses on economics principles, microeconomics, macroeconomics, public finance, environmental economics, and international trade and finance, because it shows students the role of theory in a realistic model of an economy. The book is also suitable for courses on general equilibrium models and research methods, and for professionals interested in learning how to use CGE models"--
Economics --- Computable general equilibrium models --- Equilibrium (Economics) --- -AA / International- internationaal --- 330.01 --- 330.3 --- Econometric models --- Theorie van het economisch evenwicht. --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics. --- Business, Economy and Management --- Econometric models. --- AA / International- internationaal --- CGE models --- Equilibrium models, Computable general --- General equilibrium models, Computable --- Theorie van het economisch evenwicht --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Computable general equilibrium models - Textbooks
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The United States – Mexico – Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize the North-American Free Trade Agreement (NAFTA). This paper uses a global, multisector, computable-general-equilibrium model to provide an analytical assessment of five key provisions in the new agreement, including tighter rules of origin in the automotive, textiles and apparel sectors, more liberalized agricultural trade, and other trade facilitation measures. The results show that together these provisions would adversely affect trade in the automotive, textiles and apparel sectors, while generating modest aggregate gains in terms of welfare, mostly driven by improved goods market access, with a negligible effect on real GDP. The welfare benefits from USMCA would be greatly enhanced with the elimination of U.S. tariffs on steel and aluminum imports from Canada and Mexico and the elimination of the Canadian and Mexican import surtaxes imposed after the U.S. tariffs were put in place.
Foreign trade regulation. --- Export and import controls --- Foreign trade control --- Foreign trade regulation --- Import and export controls --- International trade --- International trade control --- International trade regulation --- Prohibited exports and imports --- Trade regulation --- Law and legislation --- Exports and Imports --- Public Finance --- Taxation --- Trade Policy --- International Trade Organizations --- Empirical Studies of Trade --- Economic Integration --- Trade: General --- Taxation, Subsidies, and Revenue: General --- Public finance & taxation --- International economics --- Tariffs --- Imports --- Surtax --- Valuation, origin and classification --- North American Free Trade Agreement --- Taxes --- Revenue administration --- Tariff --- Customs appraisal --- Commercial treaties --- United States
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Deeper economic integration within the Caribbean has been a regional policy priority since the establishment of the Caribbean Community (CARICOM) and the decision to create the Caribbean Single Market and Economy (CSME). Implementation of integration initiatives has, however, been slow, despite the stated commitment of political leaders. The “implementation deficit” has led to skepticism about completing the CSME and controversy regarding its benefits. This paper analyzes how Caribbean integration has evolved, discusses the obstacles to progress, and explores the potential benefits from greater integration. It argues that further economic integration through liberalization of trade and labor mobility can generate significant macroeconomic benefits, but slow progress in completing the institutional arrangements has hindered implementation of the essential components of the CSME and progress in economic integration. Advancing institutional integration through harmonization and rationalization of key institutions and processes can reduce the fixed costs of institutions, providing the needed scale and boost to regional integration. Greater cooperation in several functional policy areas where the region is facing common challenges can also provide low-hanging fruit, creating momentum toward full integration as the Community continues to address the obstacles to full economic integration.
Trinidad and Tobago --- Exports and Imports --- Macroeconomics --- Taxation --- Criminology --- Economic Integration --- International Migration --- Financial Aspects of Economic Integration --- Macroeconomic Aspects of International Trade and Finance: General --- Globalization: General --- Financial Institutions and Services: General --- Taxation, Subsidies, and Revenue: General --- Geographic Labor Mobility --- Immigrant Workers --- Regional and Urban History: Latin America --- Caribbean --- Economic Development: General --- Climate --- Natural Disasters and Their Management --- Global Warming --- Regional Economic Activity: Growth, Development, and Changes --- Regional Development Policy --- Labor Economics: General --- Illegal Behavior and the Enforcement of Law --- International economics --- Public finance & taxation --- Labour --- income economics --- Crime & criminology --- Tax incentives --- Economic integration --- Regional integration --- Labor --- Crime --- Taxes --- International economic integration --- Labor economics --- Crime--Economic aspects --- Income economics
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