IDEAS home Printed from https://ideas.repec.org/p/ags/pugtwp/330886.html
   My bibliography  Save this paper

Incorporating International Capital Ownership into the GTAP Model: Results for Asia-Pacific Trade Liberalisation

Author

Listed:
  • Walmsley, Terrie Louise

Abstract

In this paper, some major modifications are made to the existing GTAP structure and database to incorporate a long-run closure in which income earned on endowment commodities accrues to the owners of those endowments. This closure assumes that in the long run all economies grow at a common steady-state rate. In order to ensure valid comparative statics a steady-state database is created in which all economies grow at this common steady-state rate. Once these modifications have been made, the long-run effects of Asia-Pacific trade liberalisation are simulated. It is found that foreign ownership of assets does have a significant effect on the projected outcome of Asia-Pacific trade liberalisation.

Suggested Citation

  • Walmsley, Terrie Louise, 1999. "Incorporating International Capital Ownership into the GTAP Model: Results for Asia-Pacific Trade Liberalisation," Conference papers 330886, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:330886
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/330886/files/2456.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hiro Lee & David Roland-Holst & Dominique van der Mensbrugghe, 1999. "General Equilibrium Assessments of Trade Liberalization in APEC Countries," Discussion Paper Series 103, Research Institute for Economics & Business Administration, Kobe University.
    2. Hiro Lee & Dominique van der Mensbrugghe, 2001. "A General Equilibrium Analysis of the Interplay between Foreign Direct Investment and Trade Adjustments," Discussion Paper Series 119, Research Institute for Economics & Business Administration, Kobe University, revised Jul 2001.
    3. Elbehri, Aziz & Leetmaa, Susan, 2002. "How significant are export subsidies to agricultural trade? Trade and welfare implications of global reforms," Conference papers 330999, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Nigel Grimwade & David G. Mayes & Jiao Wang, 2011. "Estimating the Effects of Integration," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume III, chapter 13, Edward Elgar Publishing.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:pugtwp:330886. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/gtpurus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.