Estimating the impacts of tariff changes : two illustrative scenarios / by Karyne B. Charbonneau and Anthony Landry.: FB3-7/2018-29E-PDF
"We build upon new developments in the international trade literature to construct a quantitative Ricardian framework similar to Caliendo and Parro (2015) to isolate and estimate the long-run economic impacts of tariff changes. Our framework incorporates the most recent data and shows that the trade elasticities have changed considerably since the 1990s - highlighting the need to use recent data to quantitatively evaluate newly imposed and proposed tariff schedules. We apply our model and use our estimated elasticities to measure the long-run economic impact of the recently announced US tariffs on steel and aluminium and the first round of additional tariffs between the United States and Chine. Our results suggest that modifying the current global tariff schedules would imply considerable changes in trade flows and sectoral reallocations, but modest impacts on long-run output levels."--Abstract, p. ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.863282&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | Estimating the impacts of tariff changes : two illustrative scenarios / by Karyne B. Charbonneau and Anthony Landry. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2018-29 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. Includes bibliographical references. Includes abstract in French. |
| Publishing information | Ottawa : Bank of Canada, c2018. |
| Author / Contributor | Charbonneau, Karyne. Landry, Anthony Emmanuel. |
| Description | ii, 16 p. |
| Catalogue number |
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| Subject terms | International trade |
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