| Description |
1 online resource (43 pages) : color illustrations |
| Series |
IMF working paper ; WP/13/110 |
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IMF working paper ; WP/13/110.
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| Contents |
Cover; Contents; I. Introduction; II. Tunisian Service sector: Context and some Stylized Facts; Figures; 1. Country-level services trade restrictions index; III. The Model; A. Model description; B. The steady state and identification; 2. The steady state: A sensitivity analysis; IV. Estimation; A. Estimation methodology and data; B. Calibration and prior distributions; C. Estimation results; Tables; 1. Estimated parameters; V. The impact of free trade on welfare and some real variables; A. Methodology; B. Results; 2. The effects of eliminating trade barriers; C. Transitional dynamics |
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D. Sensitivity analysis3. Transitional dynamics to the new steady-state levels; 3. Sensitivity analysis; VI. Conclusion; References; Appendix I: The model; Households; Firms; The government; Closing the model; Appendix II: Quantitative results of the estimated model; Business cycle statistics; 4. Second order moments; Variance decomposition; Impulse-response functions; 5. Variance decomposition; 4. Impulse-response functions |
| Summary |
"We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of entry-sunk costs. Hence, liberalization is treated assuming a government's policy decision aimed at reducing those costs. Then, we estimate the model using Bayesian techniques for Tunisia and the Euro Area. The paper presents a precise quantitative evaluation of services trade barriers as the difference between entry-sunk costs in Tunisia versus the Euro Area. We find significant welfare benefits in addition to aggregate and sectoral growth gains the Tunisian economy could attain following services liberalization. Surprisingly, the goods sector is the one that benefits the most from services liberalization in the short- and long-term horizons"--Abstract |
| Notes |
Title from PDF title page (IMF Web site, viewed May 20, 2013) |
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"Institute for Capacity Development"--Page 2 of pdf |
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"May 2013"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references (pages 25-26) |
| Subject |
Service industries -- Tunisia -- Econometric models
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Free trade -- Tunisia -- Econometric models
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Welfare economics -- Econometric models
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Free trade -- Econometric models
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Service industries -- Econometric models
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Welfare economics -- Econometric models
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Tunisia
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| Form |
Electronic book
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| Author |
Rebei, Nooman, 1972-
|
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International Monetary Fund. Institute for Capacity Development.
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| ISBN |
9781484316696 |
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148431669X |
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9781484367735 |
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1484367731 |
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