TY - BOOK ID - 133445200 TI - Assessing the Adjustment Implications of Trade Policy Changes Using TRIST (Tariff Reform Impact Simulation Tool) AU - Brenton, Paul AU - Saborowski, Christian AU - Staritz, Cornelia AU - von Uexkull, Erik PY - 2009 PB - Washington, D.C., The World Bank, DB - UniCat KW - Currencies and Exchange Rates KW - Customs KW - Customs duties KW - Debt Markets KW - Developing countries KW - Domestic production KW - Economic Theory and Research KW - Finance and Financial Sector Development KW - Free Trade KW - Free trade KW - Import regimes KW - Imports KW - International Economics & Trade KW - International trade KW - International Trade and Trade Rules KW - Macroeconomics and Economic Growth KW - Multilateral trade reform KW - Public Sector Development KW - Regional trade agreements KW - Tariff exemptions KW - Tariff line KW - Tariff reform KW - Trade diversion KW - Trade model KW - Trade policy KW - Trade policy reform KW - Trade reform KW - Trade reforms KW - Trade regime UR - https://www.unicat.be/uniCat?func=search&query=sysid:133445200 AB - TRIST is a simple, easy to use tool to assess the adjustment implications of trade reform. It improves on existing tools. First, it is an improvement in terms of accuracy because projections are based on revenues actually collected at the tariff line level rather than simply applying statutory rates. Second, it is transparent and open; runs in Excel, with formulas and calculation steps visible to the user; and is open-source and users are free to change, extend, or improve according to their needs. Third, TRIST has greater policy relevance because it projects the impact of tariff reform on total fiscal revenue (including VAT and excise) and results are broken down to the product level so that sensitive products or sectors can be identified. And fourth, the tool is flexible and can incorporate tariff liberalization scenarios involving any group of trading partners and any schedules of products. This paper describes the TRIST tool and provides a range of examples that demonstrate the insights that the tool can provide to policy makers on the adjustment impacts of reducing tariffs. ER -