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dc.contributor.authorIslam, A.
dc.contributor.authorSalim, Ruhul
dc.contributor.authorBloch, Harry
dc.identifier.citationIslam, A. and Salim, R. and Bloch, H. 2015. Welfare Impacts of Preferential Trade Liberalization in South Asia. The Journal of Developing Areas. 49 (5): pp. 285-292.

Focusing on the global trading relationship aggregated at the level of 15 regions and 10 sectors, we investigate in this paper the welfare effects of preferential trade liberalisation in South Asia from several simulation perspectives. The static version of the Global Trade Analysis Project (GTAP) model shows that countries that are initially more protected (such as India) are likely to capture the lion’s share of the gain from the liberalization scheme. Countries that maintain status quo are the losers; prominent among them are the EU 25 and the North America region. However, these results are dramatically changed in the dynamic version of the GTAP model. In terms of deviations from the baseline scenario, the regional integration policy in South Asia turns out to be net welfare reducing for both the region and the rest of the world.

dc.publisherTennessee State University College of Business
dc.subjectSouth Asia
dc.subjectRegional Integration
dc.titleWelfare Impacts of Preferential Trade Liberalization in South Asia
dc.typeJournal Article
dcterms.source.titleThe Journal of Developing Areas

Copyright © 2015 Tennessee State University. Published with permission.

curtin.departmentSchool of Economics and Finance
curtin.accessStatusOpen access

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