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Accession to the WTO

 

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  • Product Description
 

This research studies the accession of a developing country to the World Trade Organisation on the case of Ukraine. Quantitative results are obtained by building a Computable General Equilibrium model in the mathematical programming language General Algebraic Modelling System (GAMS). Four scenarios are simulated: 1) import tariffs reform; 2) improvement of exports access; 3) improvement of investment climate and 4) the scenario that combines previous three, or a full WTO accession. The results of the model show that in all scenarios there is growth of both exports and imports. By contrast, output and household consumption levels vary from scenario to scenario. The first two simulations, tariff reform and improvement of export access, show no significant change in domestic production and consumption. Thus, with expanded trade and practically the same output and consumption, Ukraine merely becomes more open and shifts to foreign trade. In the third scenario, improvement of investment climate has the most favourable results. Owning to better allocation of resources, both domestic production and consumption expand and the welfare of households increases.

Product Specifications
SKU :COC69395
AuthorIgor Eromenko
LanguageEnglish
BindingPaperback
Number of Pages156
Publishing Year2011-01-26T00:00:00.000
ISBN978-3843391009
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00