Reducing Tariffs According to WTO Accession Rules: The Case of Vietnam

Autor:	Pascalis Raimondos-Møller, Henrik Barslund Fosse
Rok vydání:	2012
Předmět:	Economic policy Vietnamese media_common.quotation_subject Geography Planning and Development Tariff World trade International economics Development Accession language.human_language Applied general equilibrium Economic inequality Economics language Free trade Welfare media_common
Zdroj:	Review of Development Economics. 16:331-341
ISSN:	1363-6669
DOI:	10.1111/j.1467-9361.2012.00665.x
Popis:	When Vietnam joined the World Trade Organization (WTO) in 2007 it was granted an accession period up to 2014. During this period tariffs would have to fall according to the accession agreement. This paper evaluates this 2007–2014 trade liberalization by building an applied general equilibrium model and calibrating it to the Vietnamese data. The model pays careful attention to the fact that Vietnam has many state-owned enterprises. The model simulations show that the WTO tariff reductions will reduce overall welfare. Moreover, the biggest loss will take place among the poor rural households in Vietnam. This paper proposes other tariff reforms that will both raise overall welfare and reduce income inequality.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::8ca05bad2d6a4be9e1a6df155c0137f4 https://doi.org/10.1111/j.1467-9361.2012.00665.x Zobrazit plný text záznamu Plný text ve formátu PDF