at Google ScholarTitle data
Egger, Peter ; Larch, Mario ; Pfaffermayr, Michael:
On the Welfare Effects of Trade and Investment Liberalization.
In: European Economic Review.
Vol. 51
(2007)
Issue 3
.
- pp. 669-694.
ISSN 0014-2921
DOI: https://doi.org/10.1016/j.euroecorev.2006.03.007
Abstract in another language
Using a three-factor knowledge- and physical capital model of trade and multinational activity, we consider a set of policy experiments to assess the welfare effects of trade and investment liberalization in general equilibrium. Specifically, we address the question of whether and under which circumstances a single versus a combined trade/investment liberalization strategy or a unilateral versus a bilateral policy change is preferable from a single country's and the world's point of view. The focus of this paper is to look at three relevant questions. First, when is investment liberalization beneficial and when is it harmful for a single economy or the whole world? Second, is pure investment liberalization a welfare maximizing strategy? Third, when is either kind of liberalization (trade, investment, or both) welfare improving and when neither of them?
Further data
| Item Type: | Article in a journal |
|---|---|
| Refereed: | Yes |
| Keywords: | investment liberalization; multinationals; trade liberalization; welfare effects |
| Subject classification: | F12; F23 |
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VI: Empirical Economic Research Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VI: Empirical Economic Research > Chair Economics VI: Empirical Economic Research - Univ.-Prof. Dr. Mario Larch Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics |
| Result of work at the UBT: | No |
| DDC Subjects: | 300 Social sciences > 330 Economics |
| Date Deposited: | 14 Oct 2015 13:22 |
| Last Modified: | 20 Jan 2022 13:04 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/16641 |