A global Baltic : potential gains from trade liberalisation in the Baltic sea states

• Though the Baltic Sea countries have displayed substantial growth and trading activity over the last decade, facilitated by reforms, significant trade barriers still exist. We analyse their implications, using a CGE-model. Besides the “usual suspects” (tariffs, subsidies and services barriers) and trade facilitation, we address non-tariff-measures (NTM) in a separate scenario. We find that the reforms would substantially boost national income and trade, especially for the group of emerging economies. Income gains are primarily due to elimination of dead-weight losses caused by rules and regulations and improved resource allocation. Jointly, the simulations indicate a move towards services and industrial production and export.

Subject headings

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economics (hsv//eng)

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business (hsv//eng)

Keyword

trade liberalisation; CGE; trade facilitation; services; NTM; NTB; Baltic Sea

Economics

Nationalekonomi

Business and economics

Ekonomi

SOCIAL SCIENCES

SAMHÄLLSVETENSKAP

Economics

Nationalekonomi

Publication and Content Type

ref (subject category)

art (subject category)