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U . S . ADJUSTMENT IN THE 1990s : A CGE ANALYSIS OF ALTERNATIVE TRADE STRATEGIES
HANSON, KENNETH,ROBINSON, SHERMAN,TOKARICK, STEPHEN 한국국제경제학회 1993 International Economic Journal Vol.7 No.2
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. [C68, F13]
Modeling Inter- Korean Economic Integration
( Marcus Noland ),( Sherman Robinson ),( Li Gang Liu ) 세종대학교 경제통합연구소 (구 세종대학교 국제경제연구소) 1998 Journal of Economic Integration Vol.13 No.3
We construct the Korean Integration Model (KIM), a two-country computable general equilibrium (CGE) model linking the North and South Korean economies. Using KIM, we simulate the impact of a customs union and a monetary union of the two economies both in the presence and absence of crossborder factor mobility. Factor mobility is of critical importance. If factor markets do not integrate, the macroeconomic impact on South Korea of economic integration with the North is relatively small, while the effects on North Korea are large. With a monetary union and factor market integration, there is a significant impact on the South Korean income and wealth distribution. If investment flows from South to North and labor flows from North to South, there is a shift in the South Korean income distribution toward capital, and within labor toward urban high skill labor, suggesting growing income and wealth inequality in the South. (JEL Classification: F15, O53, P33)
Modeling Inter-Korean Economic Integration
Noland, Marcus,Robinson, Sherman,Liu, Ligang 세종대학교 국제경제연구소 1998 Journal of Economic Integration Vol.13 No.3
We construct the Korean Integration Model (KIM), a two-country computable general equilibrium (CGE) model linking the North and South Korean economies. Using KIM, we simulate the impact of a customs union and a monetary union of the two economies both in the presence and absence of crossborder factor mobility. Factor mobility is of critical importance. If factor markets do not integrate, the macroeconomic impact on South Korea of economic integration with the North is relatively small, while the effects on North Korea are large. With a monetary union and factor market integration, there is a significant impact on the south Korean income and wealth distribution. If investment flows from South to North and labor flows from North to South, there is a shift in the South Korean income distribution toward capital, and within labor toward urban high skill labor, suggesting growing income and wealth inequality in the South. (JEL Classification: F15, O53, P33)