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Trade Effects of Service Liberalization in the EU. Simulation of Regional Macroeconomic Effects for Austria

Author

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  • Oliver Fritz
  • Gerhard Streicher

Abstract

In a separate research paper, Francois – Pindyuk – Wörz (2008) analyse the quantitative effects of different trade liberalisation scenarios on exports and imports for a host of countries. Based on their results the aim of this paper is to estimate the macroeconomic consequences of the trade effects on a regional level for Austria. The analysis as a whole is thus a combined application of two quite distinct model types: A computable general equilibrium (CGE) model was used to estimate the international trade effects of different liberalisation regimes. The results from this analysis with respect to changes in exports and imports were then fed into a regional econometric input-output model (MultiREG) to explore in more detail the regional macroeconomic consequences. The analysis thus concentrates on regionalising the trade effects as simulated in the CGE model. These trade effects are given – a MultiREG analysis with endogenous trade (i.e., endogenous import reactions, since exports are exogenous in the current model version) would probably have led to somewhat different overall effects. Such differences, however, are not explored any further in this report.

Suggested Citation

  • Oliver Fritz & Gerhard Streicher, 2008. "Trade Effects of Service Liberalization in the EU. Simulation of Regional Macroeconomic Effects for Austria," WIFO Studies, WIFO, number 34221.
    • Handle: RePEc:wfo:wstudy:34221
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    References listed on IDEAS

    as
    1. Sergio J. Rey, 2000. "articles: Integrated regional econometric+input-output modeling: Issues and opportunities," Papers in Regional Science, Springer;Regional Science Association International, vol. 79(3), pages 271-292.
    2. Kurt Kratena, 1994. "MULTIMAC I. Das gesamtwirtschaftliche Input-Output-Modell des WIFO," WIFO Monatsberichte (monthly reports), WIFO, vol. 67(6), pages 362-372, June.
    3. Joseph Francois & Olga Pindyuk & Julia Woerz, 2008. "Trade Effects of Services Trade Liberalization in the EU," IIDE Discussion Papers 20080801, Institue for International and Development Economics.
    4. Kurt Kratena & Gerold Zakarias, 2001. "MULTIMAC IV: A Disaggregated Econometric Model of the Austrian Economy," WIFO Working Papers 160, WIFO.
    5. Richard S. Conway Jr., 1990. "The Washington Projection and Simulation Model: A Regional Interindustry Econometric Model," International Regional Science Review, , vol. 13(1-2), pages 141-165, April.
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    Cited by:

    1. Innwon Park & Soonchan Park, 2011. "Regional Liberalisation of Trade in Services," The World Economy, Wiley Blackwell, vol. 34, pages 725-740, May.
    2. Erwin Kolleritsch & Patricia Walter, 2020. "Freizügigkeit des Dienstleistungsexports im EU-Binnenmarkt und Effekte auf die österreichische Wirtschaft," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1-Q2/20, pages 89-109.
    3. Michael Böheim, 2010. "Wettbewerbspolitik nach der Wirtschaftskrise," WIFO Monatsberichte (monthly reports), WIFO, vol. 83(10), pages 831-846, October.
    4. Michael Böheim, 2010. "Competition Policy in the Wake of the Economic Crisis," Austrian Economic Quarterly, WIFO, vol. 15(4), pages 349-363, December.

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    Keywords

    FIW Service Liberalisation;

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