Preferential Liberalization and Its Economy-Wide Effects in Honduras

This paper quantifies the likely benefits of trade and investment liberalization in a small, poor, open economy, using the accession of Honduras to the Dominican Republic-Central American Free Trade Agreement as a case study. The results show that...

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Bibliographic Details
Main Author:	Medvedev, Denis
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADVERSE CONSEQUENCES ADVERSE EFFECTS AGGREGATE INVESTMENT AGRICULTURAL COMMODITIES AGRICULTURAL PRODUCTS AGRICULTURE ANNUAL GROWTH APPAREL AVERAGE TARIFF AVERAGE TARIFFS BALANCE OF PAYMENT BALANCE OF PAYMENTS BALANCE OF PAYMENTS CONSTRAINT BASE YEAR BENCHMARK BILATERAL AGREEMENT BILATERAL TRADE CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL FORMATION CAPITAL INCOME CAPITAL INFLOWS CAPITAL STOCK CAPITAL STOCKS CENTRAL BANK COMMODITY PRICE COMMON MARKET COMPARATIVE ADVANTAGE CONCESSIONS CONSTANT ELASTICITY OF SUBSTITUTION CONSTANT ELASTICITY OF TRANSFORMATION CONSTANT RETURNS TO SCALE CONSUMER PREFERENCES CONSUMER SURPLUS CONSUMERS CONSUMPTION BASKET CONSUMPTION LEVELS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE DEBT DEBT SERVICE DEMAND CURVE DEMAND GROWTH DEMAND SHOCKS DEPENDENT VARIABLE DISPOSABLE INCOME DISPOSABLE INCOMES DISPUTE SETTLEMENT DOMESTIC CONSUMPTION DOMESTIC DEMAND DOMESTIC GOODS DOMESTIC PRICE DOMESTIC PRICES DOMESTIC PRODUCERS ECONOMIC IMPLICATIONS ELASTICITY ELASTICITY OF SUBSTITUTION EQUILIBRIA EXPANSION OF EXPORTS EXPENDITURE FUNCTION EXPORT GROWTH EXPORT MARKETS EXPORT ORIENTATION EXPORT PRICES EXPORT SHARES EXPORT SUPPLY EXPORT VOLUME EXPORT VOLUMES EXPORTER EXPORTERS EXPORTS EXTERNAL DEBT EXTERNAL PROTECTION FACTOR MARKETS FISCAL DEFICIT FOOD PRICES FORECASTS FOREIGN CAPITAL FOREIGN DEBT FOREIGN DIRECT INVESTMENT FREE ACCESS FREE TRADE FREE TRADE AGREEMENT FULL LIBERALIZATION FULL TRADE LIBERALIZATION GDP GDP PER CAPITA GENERAL EQUILIBRIUM GENERALIZED SYSTEM OF PREFERENCES GLOBAL DEMAND GLOBAL MARKET GLOBAL MARKETS GNP GOVERNMENT BONDS GROWTH PERFORMANCE GROWTH PROJECTIONS GROWTH RATE GROWTH RATES IMBALANCES IMPERFECT COMPETITION IMPORT IMPORT COMPETITION IMPORT CONTENT IMPORT DEMAND IMPORT PRICES IMPORT QUOTAS IMPORT TARIFFS IMPORTS INCOME INCOME ELASTICITIES INCOME ELASTICITY INCOME ELASTICITY OF DEMAND INCOME GROWTH INCREASING RETURNS INCREASING RETURNS TO SCALE INTERMEDIATE GOODS INTERMEDIATE INPUTS INTERNATIONAL CAPITAL FLOWS INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL TRADE INVENTORIES INVESTMENT CLIMATE INVESTMENT DEMAND INVESTMENT GOODS INVESTMENT INFLOWS INVESTMENT LIBERALIZATION INVESTMENT SPENDING LABOR FORCE LABOR MARKET LABOR MARKET SEGMENTATION LABOR MARKETS LIBERALIZATION OF TRADE LOST TARIFF REVENUE LOW TARIFF MACROECONOMIC EFFECTS MACROECONOMIC VARIABLES MARGINAL PROPENSITY TO SAVE MARKET ACCESS MARKET SHARE MONOPOLISTIC COMPETITION MULTILATERAL LIBERALIZATION MULTILATERAL TRADE NATURAL RESOURCES NEOCLASSICAL MODELS OPEN ECONOMY OPTIMIZATION PREFERENTIAL TRADE PRICE FLUCTUATIONS PRICE INDEX PRIVATE CAPITAL PRIVATE CONSUMPTION PRIVATE INVESTMENT PRODUCTIVITY PRODUCTIVITY GROWTH PROTECTION DATA PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC INVESTMENT PUBLIC SPENDING RATE OF GROWTH REAL EXCHANGE RATE REAL GDP REGULATORY FRAMEWORKS RELATIVE PRICE RELATIVE PRICES REMITTANCE REMITTANCES SAFETY NETS SHORTFALL SUPPLY SIDE TARIFF BARRIERS TARIFF DATA TARIFF RATE TARIFF RATES TARIFF REDUCTION TARIFF REDUCTIONS TARIFF REVENUES TARIFFS ON IMPORTS TECHNICAL ASSISTANCE TEXTILE TARIFF TOTAL DEBT TOTAL EXPORTS TOTAL FACTOR PRODUCTIVITY TOTAL IMPORTS TOTAL INVESTMENT TOTAL OUTPUT TRADE BARRIERS TRADE DIVERSION TRADE FACILITATION TRADE LIBERALIZATION TRADE POLICY TRADE REFORM TRADING PARTNER TRADING PARTNERS TRANSITION MATRIX UNCERTAINTIES UNCERTAINTY UNEMPLOYMENT UNEMPLOYMENT RATE UNILATERAL LIBERALIZATION UNSKILLED LABOR UNSKILLED WORKERS URUGUAY ROUND UTILITY FUNCTION UTILITY FUNCTIONS VALUE ADDED WAGE DIFFERENTIALS WAGES WEIGHTS WELFARE GAINS WORLD MARKET WORLD PRICE WORLD PRICES WTO ZERO TARIFF
Online Access:	http://documents.worldbank.org/curated/en/2008/02/9039020/preferential-liberalization-economy-wide-effects-honduras http://hdl.handle.net/10986/6574

Internet

http://documents.worldbank.org/curated/en/2008/02/9039020/preferential-liberalization-economy-wide-effects-honduras
http://hdl.handle.net/10986/6574

Preferential Liberalization and Its Economy-Wide Effects in Honduras

Internet

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