| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP852 |
| DP852 European Exchange Rate Credibility Before the Fall | |
| Lars E.O. Svensson; Andrew Rose | |
| 发表日期 | 1993-11-30 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | This paper uses a schematic computable model of the iron and steel sectors in the European Community (EC) and Eastern Europe to explore the effects of trade policies on those sectors. In particular it explores the partial opening of EC markets to Eastern producers. Following a discussion of trade policy in iron and steel it models EC liberalization in two ways, and finds that in neither case will trade liberalization have dramatic effects. East European exports to the EC could double, or more, with completely free trade, but since these flows are small relative to both EC consumption and East European output the overall impact is limited. The EC might get a welfare gain of up to ECU 544 million, but if the EC steel sector is significantly cartelized the net effects would be around zero. Eastern Europe may gain substantially (12% increase in employment) if the EC markets are open and East European producers can take steps to correct their supply distortions. It is plain that the EC internal regime, and how East European producers are incorporated into it, will be a major determinant of the costs and benefits of liberalization in iron and steel. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Eastern europe Ec Iron and steel Vers |
| URL | https://cepr.org/publications/dp852 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530002 |
| 推荐引用方式 GB/T 7714 | Lars E.O. Svensson,Andrew Rose. DP852 European Exchange Rate Credibility Before the Fall. 1993. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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