An exploratory assessment of the potential impact of the free trade area of the americas on the andean community

dc.creatorArguello, Ricardo
dc.date.accessioned2015-09-21T15:30:59Z
dc.date.available2015-09-21T15:30:59Z
dc.date.created2015-09-21T15:30:59Z
dc.date.issued2004
dc.identifierhttp://repository.urosario.edu.co/handle/10336/10848
dc.description.abstractAn exploratory evaluation of the potential impact of the Free Trade Area of the Americas on the Andean Community is performed through a simulation using GTAP. Hosted by Purdue University, GTAP is a multi-region, applied general equilibrium model widely used to analyze global economic issues. The experiment is performed in a perfect competition, constant returns to scale framework and eliminates tariffs on goods trade between Western Hemisphere countries. The simulation results show modest but positive net welfare gains accruing to the Andean Community, largely due to allocative efficiency gains. Adverse terms of trade effects and trade diversion considerably reduce potential gains. Economic distortions within the Andean Community also have negative effects on welfare. Trade becomes more concentrated in bilateral flows with the United States and real returns on factors of production show improvements
dc.languageeng
dc.publisherEditorial Universidad del Rosario
dc.publisherUniversidad del Rosario. Facultad de economía
dc.relationhttps://ideas.repec.org/p/col/000091/004332.html
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightsAbierto (Texto completo)
dc.rightsAtribución-NoComercial-SinDerivadas 2.5 Colombia
dc.sourceinstname:Universidad del Rosario
dc.sourcereponame:Repositorio Institucional EdocUR
dc.sourceinstname:Universidad del Rosario
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dc.subjectEstudios de empíricos y de política
dc.subjectPolítica comercial y regulación del comercio
dc.subjectIntegración económica
dc.titleAn exploratory assessment of the potential impact of the free trade area of the americas on the andean community
dc.typeworkingPaper


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