... Mostramos que la reducción de las tarifas al 6% reduciría los costos del efecto desvío del co... more ... Mostramos que la reducción de las tarifas al 6% reduciría los costos del efecto desvío del comercio de un acuerdo comercial preferencial y mejoraría el bienestar en esa misma magnitud, de tal manera que en el escenario que nosotros preferimos (el escenario de ...
This article uses a multisector, multicountry, computable general equilibrium model to examine Ch... more This article uses a multisector, multicountry, computable general equilibrium model to examine Chile's strategy of "additive regionalism"--negotiating bilateral free trade agreements with all of its significant trading partners. Taking Chile's regional arrangements bilaterally, only its agreements with Northern partners provide sufficient market access to overcome trade diversion costs. Due to preferential market access, however, additive regionalism is likely to provide Chile with gains that are many multiples of the static welfare gains from unilateral free trade. At least one partner country loses from each of the regional agreements considered, and excluded countries as a group always lose. Gains to the world from global free trade are estimated to be vastly larger than gains from any of the regional arrangements. Copyright 2002, Oxford University Press.
... can gain more from a FTA with NAFTA than it can from global free trade; but Chile can expect ... more ... can gain more from a FTA with NAFTA than it can from global free trade; but Chile can expect to lose from any of the preferential trade agreements we ... These results differ from several earlier numerical evaluations of preferential trading areas (eg, see Rutherford, Rutstrom ...
It is intuitive that decision-makers might have attitudes towards uncertainty just as they might ... more It is intuitive that decision-makers might have attitudes towards uncertainty just as they might have attitudes towards risk. However, it is only recently that this intuitive notion has been formalized and axiomatically characterized. We estimate the extent of uncertainty aversion in a manner that is parsimonious and consistent with theory. We demonstrate that one can jointly estimate attitudes towards uncertainty,
... Mostramos que la reducción de las tarifas al 6% reduciría los costos del efecto desvío del co... more ... Mostramos que la reducción de las tarifas al 6% reduciría los costos del efecto desvío del comercio de un acuerdo comercial preferencial y mejoraría el bienestar en esa misma magnitud, de tal manera que en el escenario que nosotros preferimos (el escenario de ...
This article uses a multisector, multicountry, computable general equilibrium model to examine Ch... more This article uses a multisector, multicountry, computable general equilibrium model to examine Chile's strategy of "additive regionalism"--negotiating bilateral free trade agreements with all of its significant trading partners. Taking Chile's regional arrangements bilaterally, only its agreements with Northern partners provide sufficient market access to overcome trade diversion costs. Due to preferential market access, however, additive regionalism is likely to provide Chile with gains that are many multiples of the static welfare gains from unilateral free trade. At least one partner country loses from each of the regional agreements considered, and excluded countries as a group always lose. Gains to the world from global free trade are estimated to be vastly larger than gains from any of the regional arrangements. Copyright 2002, Oxford University Press.
... can gain more from a FTA with NAFTA than it can from global free trade; but Chile can expect ... more ... can gain more from a FTA with NAFTA than it can from global free trade; but Chile can expect to lose from any of the preferential trade agreements we ... These results differ from several earlier numerical evaluations of preferential trading areas (eg, see Rutherford, Rutstrom ...
It is intuitive that decision-makers might have attitudes towards uncertainty just as they might ... more It is intuitive that decision-makers might have attitudes towards uncertainty just as they might have attitudes towards risk. However, it is only recently that this intuitive notion has been formalized and axiomatically characterized. We estimate the extent of uncertainty aversion in a manner that is parsimonious and consistent with theory. We demonstrate that one can jointly estimate attitudes towards uncertainty,
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