Introduction to Numerical Simulation for Trade Theory and Policy

Gilbert, John; Tower, Edward

doi:10.1142/8414

Cited by 18 publications

(20 citation statements)

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“…The rules of origin for BIMSTEC are fairly modest. By 18 th TNC meeting, held in June 2009, domestic value addition, regional accumulation, and product specific rules have been agreed upon between the member nations [5]. The product specific rules have been agreed upon for 147 products at HS 6 digit level.…”

Section: Rules Of Originmentioning

confidence: 99%

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Prospects for Economic Integration of BIMSTEC: Trade and Investment Scenario

Rahman¹,

KIm²

2016

IJUNESST

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Section: Rules Of Originmentioning

confidence: 99%

“…The static model has disadvantages relative to dynamic techniques, of not describing the time path, i.e. attention in the analysis is concentrated on the end outcome rather than the transition [18]. The model's results may be very sensitive to the assumptions and data used.…”

Section: The Gtap Model For Macroeconomic Analysismentioning

confidence: 99%

Prospects for Economic Integration of BIMSTEC: Trade and Investment Scenario

Rahman¹,

KIm²

2016

IJUNESST

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“…Following Gilbert and Tower (2012), we assume that the regional-economy's preferences (i.e., the household-sector's aggregate preferences) are represented by a standard Cobb-Douglas utility function (U). Specifically,…”

Section: A2 | the Household Sectormentioning

confidence: 99%

“…APPENDIX A: THE GSL REGIONAL ECONOMY A.1 | Production The GSL regional economy consists of four main production sectors: agriculture (a), mineral extraction (m), brine-shrimp fishery (f), and recreation/wildlife viewing (r). Following Gilbert and Tower (2012), each sector is endowed with constant elasticity of substitution (CES) production technology. Specifically,…”

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confidence: 99%

Measuring the bioeconomic impacts of prolonged drought on a lake ecosystem: The case of the Great Salt Lake, Utah

Caplan

2019

Natural Resource Modeling

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We present a general-equilibrium (GE) bioeconomic model of Utah's Great Salt Lake (GSL) ecosystem that tightly links the lake's ecosystem with its regional economy and attendant international trading partners, thereby enabling full identification of dynamic feedback effects in the presence of prolonged drought. The drought modeled here mimics a drying climate's impact on the lake's nutrient pool. We demonstrate how prolonged drought affects key bioeconomic variables over time, and how the GSL bioeconomy recovers toward a new steady state. We also consider how two separate fishery-specific regulatory tools-a temporary harvest moratorium and ad valorum tax on the fishery's factors of production-alter the bioeconomy's recovery path. Our main finding is that a fishery-specific regulation can induce perverse social-welfare effects in a GE context by inducing a shift of resources out of the fishery and into a sector of the economy that produces a negative externality, in our case pollution from the mining industry. These welfare effects are appraised with two different measures of equivalent variationone based on an initial benchmark period and the other on expenditure differences that roll through time. Our model further demonstrates how these perverse-welfare effects can be mitigated by imposing either an output or input tax on the mining industry.

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“…While they got some positive feedback from their students (Tohamy & Mixon Jr. 2003, 145) this process was again geared towards economics majors. Gilbert and Tower (2013) is another excellent example of using numerical simulation methods of analyzing trade issues; yet, the book is only accessible to graduate students with a background in microeconomics and trade theory.…”

Section: Currently Available Textbooks and Teaching Techniquesmentioning

confidence: 99%

Learning Heckscher-Ohlin Model in Five Easy Steps

Gökçekuş

Bengyak

2013

SSRN Journal

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Abstract. With students in the policy and business schools with no formal economics background in mind, we propose an intuitively appealing and simple step-by-step graphical approach to explain the Heckscher-Ohlin (HO) model. Our approach is simple because it needs only two pieces of information, specifically about factor endowments and factor intensities, and from there it uses straightforward logic to construct the HO model. In easy five steps we show how to build the HO model and derive its three theorems, specifically, pattern of trade, factor price equalization, and income distribution.

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Introduction to Numerical Simulation for Trade Theory and Policy

Cited by 18 publications

References 0 publications

Prospects for Economic Integration of BIMSTEC: Trade and Investment Scenario

Prospects for Economic Integration of BIMSTEC: Trade and Investment Scenario

Measuring the bioeconomic impacts of prolonged drought on a lake ecosystem: The case of the Great Salt Lake, Utah

Learning Heckscher-Ohlin Model in Five Easy Steps

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