Aid for trade policy in developing and least developed countries: A GTAP simulation analysis

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Abstract

Recent global initiatives on debt relief and development assistance call for increasing aid for trade to the poorest countries. We apply a multi-country computable general equilibrium model, to analyze if aid for trade offers the possibility that, instead of the developing and least developed countries’ being worse off—as so many were as the result of the last round of trade negotiations—they will actually be better off. Alternative aid for trade scenarios have been evaluated in terms of effectiveness and equity. Our findings show that aid for trade policies expand trade and alleviate inequalities. The developing and least developed countries will benefit mainly from aid for trade assistance that helps these countries with any transitional adjustment costs from liberalization and increases factor productivity. Effectiveness of aid for trade is enforced if income transfers from donors are fairly divided amongst the recipient countries.
Lingua originaleEnglish
Numero di pagine0
Stato di pubblicazionePublished - 2011

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Trade policy
Simulation analysis
Developed countries
Development assistance
Factors
Computable general equilibrium model
Debt relief
Productivity
Liberalization
Adjustment costs
Income transfers
Equity
Scenarios

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AB - Recent global initiatives on debt relief and development assistance call for increasing aid for trade to the poorest countries. We apply a multi-country computable general equilibrium model, to analyze if aid for trade offers the possibility that, instead of the developing and least developed countries’ being worse off—as so many were as the result of the last round of trade negotiations—they will actually be better off. Alternative aid for trade scenarios have been evaluated in terms of effectiveness and equity. Our findings show that aid for trade policies expand trade and alleviate inequalities. The developing and least developed countries will benefit mainly from aid for trade assistance that helps these countries with any transitional adjustment costs from liberalization and increases factor productivity. Effectiveness of aid for trade is enforced if income transfers from donors are fairly divided amongst the recipient countries.

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KW - income inequality

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