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Trade Facilitation in the Commonwealth: An Economic Analysis

Author

Listed:
  • Badri Narayanan
  • Sachin Sharma
  • Mohammad Razzaque

    (Mohammad Razzaque is Adviser and Head, International Trade Policy, Trade Division, The Commonwealth Secretariat, London, UK.)

Abstract

This article examines the economic impact of trade facilitation between Commonwealth country members, using a global computable general equilibrium framework. We document enormous economic impact, much higher than a complete tariff liberalisation amongst these countries. The economic impact is quite visible in terms of welfare, gross domestic product, employment and trade in several sectors. We abstract from the costs involved in such trade facilitation—accounting for them is beyond the scope of this study. JEL Classification: F13, F62, F68

Suggested Citation

  • Badri Narayanan & Sachin Sharma & Mohammad Razzaque, 2016. "Trade Facilitation in the Commonwealth: An Economic Analysis," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 10(3), pages 305-336, August.
    • Handle: RePEc:sae:mareco:v:10:y:2016:i:3:p:305-336
    DOI: 10.1177/0973801016645218
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    References listed on IDEAS

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    4. Portugal-Perez, Alberto & Wilson, John S., 2012. "Export Performance and Trade Facilitation Reform: Hard and Soft Infrastructure," World Development, Elsevier, vol. 40(7), pages 1295-1307.
    5. Russell Hillberry & Xiaohui Zhang, 2018. "Policy and performance in customs: Evaluating the trade facilitation agreement," Review of International Economics, Wiley Blackwell, vol. 26(2), pages 438-480, May.
    6. John S. Wilson & Catherine L. Mann & Tsunehiro Otsuki, 2003. "Trade Facilitation and Economic Development: A New Approach to Quantifying the Impact," The World Bank Economic Review, World Bank, vol. 17(3), pages 367-389, December.
    7. Ravallion, Martin & Chen, Shaohua, 1997. "What Can New Survey Data Tell Us about Recent Changes in Distribution and Poverty?," The World Bank Economic Review, World Bank, vol. 11(2), pages 357-382, May.
    8. Commission, Productivity, 2010. "Bilateral and Regional Trade Agreements," Research Reports, Productivity Commission, Government of Australia, number 43.
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    Cited by:

    1. Ridwan Lanre Ibrahim & Kazeem Bello Ajide, 2022. "Trade facilitation and environmental quality: empirical evidence from some selected African countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 1282-1312, January.
    2. Inkyo Cheong & Valijon Turakulov, 2022. "How Central Asia to Escape from trade isolation?: Policy targeted scenarios by CGE modelling," The World Economy, Wiley Blackwell, vol. 45(8), pages 2622-2648, August.
    3. Ayoki, Milton, 2017. "The Development Dimension of the WTO Agreement on Trade Facilitation," MPRA Paper 87299, University Library of Munich, Germany.
    4. Mamta Kumari & Nalin Bharti, 2021. "Trade and logistics performance: does country size matter?," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 23(3), pages 401-423, September.

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    More about this item

    Keywords

    trade facilitation; GTAP; CGE; Commonwealth;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

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