Liberalising trade in South Africa: a survey of computable general equilibrium studies

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Periodical article

Title:	Liberalising trade in South Africa: a survey of computable general equilibrium studies
Authors:	Mabugu, Ramos Chitiga, Margaret
Year:	2009
Periodical:	South African Journal of Economics
Volume:	77
Issue:	3
Pages:	445-464
Language:	English
Geographic term:	South Africa
Subjects:	trade policy economic models economic development
External link:	https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2009.01221.x/pdf
Abstract:	This paper reviews applications of computable general equilibrium models to trade liberalization in South Africa. It focuses on economic structure, data, macroeconomic closure and results of the models. The models project that trade liberalization has had small positive impacts on growth. Poverty and inequality outcomes are less clear cut and depend on the model used. Models with fully integrated micro data find that poverty has worsened slightly while inequality has risen. Aggregated models predict that poverty has been reduced by small amounts. Dynamic models report rising inequality but falling poverty incidence. The paper identifies areas for future research. Bibliogr., notes, ref., sum. [Journal abstract]