| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055076 | Economic Modelling | 2012 | 11 Pages |
Abstract
⺠We present simulation results of the potential effects of US-China trade retaliation. ⺠We use two closely related numerical general equilibrium models of world trade. ⺠In the endogenous trade surplus model, US and EU have welfare losses in most cases. ⺠In the endogenous trade surplus model, China, and the ROW have welfare gains. ⺠Introduction of endogenous imbalance changes the result relative to classic model.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yan Dong, John Whalley,