Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18827
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dc.contributor.authorHuang, Huien_US
dc.contributor.authorWhalley, Johnen_US
dc.contributor.authorZhang, Shunmingen_US
dc.date.accessioned2009-01-28T15:53:09Z-
dc.date.available2009-01-28T15:53:09Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18827-
dc.description.abstractThis paper considers liberalization of trade in both inter-temporal intermediation services andgoods in a joint spatial-inter-temporal trade model. Joint multi-commodity spatialintertemporal models are not (to our knowledge) used in the trade literature as generalcomparative statics results are unavailable and (in the presence of incomplete markets)existence can also be an issue. Here we use numerical simulation methods. We first considerworld with service trade autarky in which there is no domestic intermediation serviceprovision, and service trade liberalization involves costless inter-temporal intermediationprovided by foreign service providers. This simple treatment allows us to model service tradeliberalization as removing period by period budget constraints for domestic consumers. Insuch a world, if nonzero tariffs apply to spatial trade we present an example showing howservice trade liberalization can be welfare worsening. One implication is that negotiations onservices in the WTO General Agreement on Trade in Services (GATS) need not be welfareimproving if there are also ongoing tariff negotiations. We then expand the model to capture amore complex world where costly intermediation services can be provided by both withincountryand foreign providers. We again illustrate how services liberalization can be welfareworsening. We finally discuss whether welfare worsening service trade liberalization is likelyin a real-world situation of highly restricted services trade and considerably more open goodstrade, and when services trade are around 1/3 of total goods and services trade as is oftenclaimed from available global service trade data.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo Working Paper |x1463en_US
dc.subject.jelF11en_US
dc.subject.jelF00en_US
dc.subject.ddc330en_US
dc.subject.stwInternationaler Dienstleistungsverkehren_US
dc.subject.stwAussenhandelsliberalisierungen_US
dc.subject.stwGATSen_US
dc.subject.stwAussenwirtschaftstheorieen_US
dc.subject.stwZwei-Länder-Modellen_US
dc.subject.stwZeitökonomiken_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleTrade liberalization in a joint spatial inter-temporal trade modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn48519712Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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