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GTAP Resource #1758

"Market Access in the Western Hemisphere: Implications for the Andean Community"
by Arguello, Ricardo and Ernesto Valenzuela

This study contributes to the assessment of the economic implications that further trade liberalization in the Western Hemisphere has for the Andean Community member countries. The most significant trade liberalization scenarios are identified and simulated by means of the standard, constant returns to scale, GTAP model. The main results show little coincidence in the direction of welfare changes for the Andean countries under the four scenarios analyzed. In a very simplified way, further trade liberalization brings welfare loses for Colombia, Peru, and Ecuador-Bolivia, as Venezuela experiences gains under the implementation of the Free Trade Area of the Americas and loses under the implementation of the Free Trade Area of the other Andean countries with the U.S. Terms of trade effects play a significant role in determining this outcome. In general, they move against these economies, with the notorious exception of Venezuela. It appears that Andean countries have benefited in the past from trade deviation from other regions as they entered into preferential trade agreements. With the erosion of preferential market access embodied in the scenarios simulated, the increase in competition at the import and export levels tend to adjust the standing of these countries, bringing in new challenges for them.

Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
2005 Conference Paper
Status: Published
By/In: Borradores de Investigacion 68, June 2005. Universidad del Rosario
Date: 2005
Created: Arguello, R. (5/1/2005)
Updated: Arguello, R. (10/22/2007)
Visits: 2,074
No keywords have been specified.

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