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This volume honors the extraordinary career of Thomas Hertel. It also celebrates the 25th anniversary of the founding of the Global Trade Analysis Project (GTAP) by Prof. Hertel. All of those contributing to this volume, including Prof. Hertel's students and colleagues, have benefitted in some ways from the selfless professional generosity and dedication to scientific public goods that have been hallmarks of his career.The book examines the history of the GTAP project, the scientific contributions of Prof. Hertel, and the general application of computational modeling to global economic policy analysis. The applications in the volume, reflecting the broad contributions made by the GTAP community to global policy analysis, range from the impact of globalization on employment to the sustainability impacts of economic integration.
Governments around the globe have begun to implement various actions to limit carbon emissions and so, combat climate change. This book brings together some of the leading scholars in environmental and climate economics to examine the distributional consequences of policies that are designed to reduce these carbon emissions. Whether through a carbon tax, cap-and-trade system or other mechanisms, most proposals to reduce carbon emissions include some kind of carbon pricing system Ð shifting the costs of emissions onto polluters and providing an incentive to find the least costly methods of abatement. This standard efficiency justification for pricing carbon also has important distributional ...
In the ongoing Doha Development Round of World Trade Organization negotiations, developing countries have had much greater leverage, due at least in part to their large and growing share of world trade. But will the increased influence of developing countries translate into a final agreement that is truly more development-friendly? What would be key ingredients in such a final outcome of the negotiations, and what would the developing countries really get out of it. This two volume set seeks to answer these questions. This volume (Volume 2) addresses the question of how a development-friendly outcome to the talks would affect developing countries by quantifying the impact of multilateral tra...
This work seeks to look beyond the seemingly endless deadlock in the WTO's Doha round of trade negotiations that began in November 2001 and were first scheduled to conclude by January 1, 2005. As well as offering an incisive analysis of the ills of the round, with particular attention directed at the poorest and least developed countries, the book expands on how the round could be moved forward elaborating on the Statement on the Doha Development Agenda that was negotiated in Johannesburg . Thework as a whole provides the reader with a critical analysis of the implications of the negotiations for development and poverty reduction as well as proposals for moving beyond the current impasse. The volume brings together contributions from serving and former ambassadors to the WTO, key practitioners, and civil society representatives along with those of leading scholars. Eachchapter explores an area of critical importance to the round; and together they stand as an important contribution to debates not only about the Doha round but also about the role of trade in the amelioration of poverty in the poorest countries.
According to standard economic theory and modelling, liberalizing agriculture will result in important welfare gains. Because of price volatility, an alternative model, based in general disequilibrium in the Wicksellian tradition, provides much less optimistic conclusions, actually supported by the recent evolution of the world agricultural system, as well as by the history of the many attempts of agricultural trade liberalization since the 18th century.
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