Work

U. S. ADJUSTMENT IN THE 1990s: A CGE ANALYSIS OF ALTERNATIVE TRADE STRATEGIES

Year: 1993

Type: article

Abstract: This paper investigates the implications for the structure of the U.S.economy of a reduction in the U.S. trade deficit. We explore two alternative adjustment scenarios. First, we assume an environment of successful world trade liberlization. An alternative view is that the world economy will lapse into a protectionist environment. We use a 30-sector computable general equilibrium (CGM) model of the United States to analyze the impact of these two scenarios. When analyzing the protectionist scenario, we do a variety of experiments designed to explore the impact of protectionist policies on the U.S. economy. [C68, F13]

Source: International Economic Journal

DOI: 10.1080/10168739300000028

Authors: Kenneth Hanson, Sherman Robinson, Stephen Tokarick

Institutions: Economic Research Service, University of California, Berkeley, International Monetary Fund

Language: German

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2057057440

FWCI: 3.222

Cites: 35

Cited by: 9

Related to: 10