IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/5045.html
   My bibliography  Save this paper

Assessing the adjustment implications of trade policy changes using TRIST (tariff reform impact simulation tool)

Author

Listed:
  • Brenton, Paul
  • Saborowski, Christian
  • Staritz, Cornelia
  • von Uexkull, Erik

Abstract

TRIST is a simple, easy to use tool to assess the adjustment implications of trade reform. It improves on existing tools. First, it is an improvement in terms of accuracy because projections are based on revenues actually collected at the tariff line level rather than simply applying statutory rates. Second, it is transparent and open; runs in Excel, with formulas and calculation steps visible to the user; and is open-source and users are free to change, extend, or improve according to their needs. Third, TRIST has greater policy relevance because it projects the impact of tariff reform on total fiscal revenue (including VAT and excise) and results are broken down to the product level so that sensitive products or sectors can be identified. And fourth, the tool is flexible and can incorporate tariff liberalization scenarios involving any group of trading partners and any schedules of products. This paper describes the TRIST tool and provides a range of examples that demonstrate the insights that the tool can provide to policy makers on the adjustment impacts of reducing tariffs.

Suggested Citation

  • Brenton, Paul & Saborowski, Christian & Staritz, Cornelia & von Uexkull, Erik, 2009. "Assessing the adjustment implications of trade policy changes using TRIST (tariff reform impact simulation tool)," Policy Research Working Paper Series 5045, The World Bank.
    • Handle: RePEc:wbk:wbrwps:5045
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/10/19/000158349_20091019094548/Rendered/PDF/WPS5045.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Busse, Matthias & Grossmann, Harald, 2004. "Assessing the Impact of ACP/EU Economic Partnership Agreement on West African Countries," Discussion Paper Series 26198, Hamburg Institute of International Economics.
    2. World Bank & International Monetary Fund, 2006. "Global Monitoring Report 2006 : Millennium Development Goals - Strengthening Mutual Accountability, Aid, Trade, and Governance," World Bank Publications - Books, The World Bank Group, number 6970.
    3. Hiau Looi Kee & Alessandro Nicita & Marcelo Olarreaga, 2008. "Import Demand Elasticities and Trade Distortions," The Review of Economics and Statistics, MIT Press, vol. 90(4), pages 666-682, November.
    4. Padamja Khandelwal, 2004. "Comesa and Sadc: Prospects and Challenges for Regional Trade Integration," IMF Working Papers 2004/227, International Monetary Fund.
    5. Sadni Jallab, Mustapha & Karingi, Stephen & Oulmane, Nassim & Perez, Romain & Lang, Rémi & Ben Hammouda, Hakim, 2005. "Economic and Welfare Impacts of the EU-Africa Economic Partnership Agreements," MPRA Paper 12875, University Library of Munich, Germany.
    6. Chris Milner & Oliver Morrissey & Andrew McKay, 2005. "Some Simple Analytics of the Trade and Welfare Effects of Economic Partnership Agreements," Journal of African Economies, Centre for the Study of African Economies, vol. 14(3), pages 327-358, September.
    7. Andriamananjara, Soamiely & Brenton, Paul & von Uexkull, Jan Erik & Walkenhorst, Peter, 2009. "Assessing the economic impacts of an economic partnership agreement on Nigeria," Policy Research Working Paper Series 4920, The World Bank.
    8. World Bank, 2006. "Mauritius : From Preferences to Global Competitiveness, Report of the Aid for Trade Mission," World Bank Publications - Reports 8171, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Lim, Jamus Jerome & Saborowski, Christian, 2010. "Estimates of trade-related adjustment costs in Syria," Journal of Policy Modeling, Elsevier, vol. 32(6), pages 843-864, November.
    2. Dr. Jae-Sung, Lee, 2012. "A Study on APEC¡¯s Economic Cooperations under WTO," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 3(6), pages 55-59, November.
    3. El-Haddad Amirah, 2020. "Picking Winners: Identifying Leading Sectors for Egypt and Tunisia Using the Product Space Methodology," Review of Middle East Economics and Finance, De Gruyter, vol. 16(1), pages 1-80, April.
    4. Omid Karami & Mina Mahmoudi, 2018. "Estimating Trade-Related Adjustment Costs in the Agricultural Sector in Iran," Papers 1806.04238, arXiv.org.
    5. El-Haddad, Amirah, 2018. "Exporting for growth: identifying leading sectors for Egypt and Tunisia using the Product Space Methodology," IDOS Discussion Papers 25/2018, German Institute of Development and Sustainability (IDOS).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Axel Borrmann & Matthias Busse & Manuel De La Rocha, 2007. "Consequences of Economic Partnership Agreements between East and Southern African Countries and the EU for Inter- and Intra-regional Integration," International Economic Journal, Taylor & Francis Journals, vol. 21(2), pages 233-253.
    2. Fontagne, Lionel & Laborde, David & Mitaritonna, Cristina, 2008. "An Impact Study of the Economic Partnership Agreements (EPAs) in the Six ACP Regions," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44194, European Association of Agricultural Economists.
    3. Leudjou, Roland, 2021. "Assessing the impacts of eliminating Non-Tariff Barriers in the framework of the African Continental Free Trade Area on Cameroons economy," Conference papers 330231, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Bchir, Mohamed Hedi & Chemingui, Mohamed Abdelbasset & Karingi, Stephen, 2008. "The Impact of Multilateral Trade Liberalization on Poverty in Kenya: A Multiple Linked Top-Down Approach," Conference papers 331784, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Karingi, Stephen & Perez, Romain & Oulmane, Nassim & Lang, Rémi & Sadni Jallab, Mustapha, 2006. "Assessment of the Impact of the Economic Partnership Agreement between the COMESA countries and the European Union," MPRA Paper 13294, University Library of Munich, Germany.
    6. Chris Milner, & Oliver Morrissey, & Evious Zgovu, 2007. "Adjusting to Bilateral Trade Liberalisation under an EPA: Evidence for Mauritius," Discussion Papers 07/11, University of Nottingham, CREDIT.
    7. Othieno, Lawrence & Shinyekwa, Isaac, 2011. "Trade, Revenue And Welfare Effects Of The East African Community Customs Union Principle Of Asymmetry On Uganda: An Application Of Wits-Smart Simulation Model," Research Series 150480, Economic Policy Research Centre (EPRC).
    8. Oliver Morrissey, & Evious Zgovu, 2007. "The Impact of Economic Partnership Agreements on ACP Agriculture Imports and Welfare," Discussion Papers 07/09, University of Nottingham, CREDIT.
    9. Buyani Thomy & Gurudeo Anand Tularam & Mahinda Siriwardana, 2013. "Partial Equilibrium Analysis to Determine the Impacts of a Southern African Customs Union-European Union Economic Partnership Agreement on Botswana’s Imports," American Journal of Economics and Business Administration, Science Publications, vol. 5(1), pages 1-14, September.
    10. Edgar Ntasano, 2010. "The Economic Partnership Agreements with the European Union," Insight on Africa, , vol. 2(2), pages 145-155, July.
    11. Ben Hammouda, Hakim & Karingi, Stephen & Ouedraogo, Ben Idrissa & Oulmane, Nassim & Sadni-Jallab, Mustapha, 2005. "Assessing the consequences of the Economic Partnership Agreement on the Ethiopian economy," Conference papers 331395, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    12. Jean-Marc Philip, 2006. "Le recours aux MEGC pour l’analyse de l’accord de partenariat économique entre l’union européenne et les pays ACP : une revue de la littérature," CAE Working Papers 92, Aix-Marseille Université, CERGAM.
    13. World Bank, 2010. "Mauritius - Enhancing and Sustaining Competitiveness : Policy Notes on Trade and Labor," World Bank Publications - Reports 2987, The World Bank Group.
    14. Sébastien Jean & David Laborde & Will Martin, 2008. "Choosing Sensitive Agricultural Products in Trade Negotiations," Working Papers 2008-18, CEPII research center.
    15. Geoffrey Barrows & Hélène Ollivier & Ariell Reshef, 2023. "Production Function Estimation with Multi-Destination Firms," CESifo Working Paper Series 10716, CESifo.
    16. Charlotte Emlinger & Viola Lamani, 2020. "International trade, quality sorting and trade costs: the case of Cognac," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 156(3), pages 579-609, August.
    17. Zamani, Omid & Chibanda, Craig & Pelikan, Janine, 2021. "Investigating Alternative Poultry Trade Policies in the Context of African Countries: Evidence from Ghana," 2021 Conference, August 17-31, 2021, Virtual 315173, International Association of Agricultural Economists.
    18. Hoekman, Bernard & Nicita, Alessandro, 2011. "Trade Policy, Trade Costs, and Developing Country Trade," World Development, Elsevier, vol. 39(12), pages 2069-2079.
    19. Bouët, Antoine & Elbehri, Aziz & Nguyen, Duc Bao & Traoré, Fousseini, 2022. "Measuring Agricultural Trade Integration in Southeast Asia," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 37(2), pages 235-266.
    20. Chad P. Bown & Patricia Tovar, 2016. "Preferential Liberalization, Antidumping, and Safeguards: Stumbling Block Evidence from MERCOSUR," Economics and Politics, Wiley Blackwell, vol. 28(3), pages 262-294, November.

    More about this item

    Keywords

    Trade Policy; Free Trade; Debt Markets; International Trade and Trade Rules; Economic Theory&Research;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:wbk:wbrwps:5045. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Roula I. Yazigi (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.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.