Journal
JOURNAL OF POLICY MODELING
Volume 42, Issue 6, Pages 1208-1227Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jpolmod.2020.05.006
Keywords
Trade liberalisation; CGE models; Poverty; Inequality
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In this paper we carry out a systematic review of the evidence from CGE models regarding the effect of trade liberalisation on income inequality and poverty in developing countries. The evidence suggests quite strongly that trade liberalisation tends to reduce poverty, but is more likely to increase inequality than reduce it; however, the predicted effects are relatively small. Variation in the size and direction of effects can be explained by the choice of outcome measure, the fiscal response to liberalisation, the type of CGE model, and certain country characteristics but not the method used to link the CGE model to the distribution of income. (C) 2020 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.
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