1 option
Regional trade policy options for Tanzania : the importance of services commitments / Jesper Jensen
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Jensen, Jesper
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Advanced Countries.
- Banks & Banking Reform.
- Barrier.
- Economic Theory & Research.
- Emerging Markets.
- Environment.
- Environmental Economics & Policies.
- Equilibrium Models.
- Finance and Financial Sector Development.
- Foreign Investors.
- International Trade.
- Macroeconomics and Economic Growth.
- Multilateral Trade.
- Private Sector Development.
- Productivity.
- Regional Trade.
- Regulatory Regime.
- Transport.
- Transport Economics Policy & Planning.
- Welfare Gains.
- Local Subjects:
- Advanced Countries.
- Banks & Banking Reform.
- Barrier.
- Economic Theory & Research.
- Emerging Markets.
- Environment.
- Environmental Economics & Policies.
- Equilibrium Models.
- Finance and Financial Sector Development.
- Foreign Investors.
- International Trade.
- Macroeconomics and Economic Growth.
- Multilateral Trade.
- Private Sector Development.
- Productivity.
- Regional Trade.
- Regulatory Regime.
- Transport.
- Transport Economics Policy & Planning.
- Welfare Gains.
- Physical Description:
- 1 online resource (121 pages)
- Other Title:
- Regional trade policy options for Tanzania
- Place of Publication:
- Washington, D.C., The World Bank, 2010
- System Details:
- data file
- Summary:
- Despite the growing importance of commitments to foreign investors in services in regional trade agreements, there are no applied general equilibrium models in the literature that assess these regional impacts. This paper develops a 52 sector applied general equilibrium model of Tanzania with foreign direct investment, and uses that model to assess Tanzania's regional and multilateral trade options. The model incorporates the features of the modern theory of international trade that has shown empirically that trade and foreign direct investment can increase productivity, and trade and foreign direct investment with technologically advanced countries is especially valuable for that purpose. To assess the sensitivity of the results to parameter values, the model is executed 30,000 times, and the results are reported as confidence intervals of the sample distributions. The analysis finds that a 50 percent preferential reduction in the ad valorem equivalents of barriers in all business services by Tanzania with respect to its African regional partners would be slightly beneficial for Tanzania. But wider liberalization, with larger partners or multilaterally, it will yield much larger gains due to providing access to a much wider set of service providers. Finally, the results show that the largest gains in services would be derived from reduction of regulatory barriers that are geographically non-discriminatory.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.