Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/192233 
Year of Publication: 
1999
Series/Report no.: 
Discussion Papers No. 251
Publisher: 
Statistics Norway, Research Department, Oslo
Abstract: 
A disaggregated intertemporal CGE model is used to simulate the welfare effects in Norway of the recently implemented trade reforms including the WTO agreement, the EEA treaty, the EFTA fishery agreement and an anticipated EEA resolution on shipbuilding. These reforms affect the Norwegian economy through changes in tariffs, Non Tariff Barriers (NTBs), government procurement and subsidy policy as well as shifts in world prices and demand. Reduction of such import barriers that represent real costs for the country is identified as the most important source of welfare gains, through improved terms of trade. Due to initial distortions caused by taxes and imperfect competition, changes in the resource allocation have first order effects on welfare. In particular, this explains why the simulated reduction of employment has a significant negative impact on the total welfare gain.
Subjects: 
Trade Reforms
Intertemporal CGE Model
Welfare
JEL: 
F12
F13
D58
D61
Document Type: 
Working Paper

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