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Title: |
U.S. Adjustment in the 1990s: A CGE Analysis
of Alternative Trade Strategies |
| Author: |
Hanson,
Kenneth; Robinson, Sherman; Tokarick, Stephen |
| Author
Affiliation: |
USDA; U CA,
Berkeley; IMF |
| Source: |
International Economic Journal, Summer 1993, v. 7, no. 2, pp. 27-49 |
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Publication Date: |
Summer 1993 |
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Abstract: |
This paper investigates the implications
for the structure of the U.S. economy of a reduction in the U.S. trade
deficit. We explore two alternative adjustment scenarios. First, we
assume an environment of successful world trade liberalization. An
alternative view is that the world economy will lapse into a
protectionist environment. We use a 30-sector computable general
equilibrium (CGE) model of the United States to analyze the impact of
these two scenarios. When analyzing the protectionist scenario, we do a
variety of experiments designed to explore the impact of protectionist
policies on the U.S. economy. |
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