Economists have long argued that dynamic effects of policy changes are much more important in the real world than static effects, but this is not reflected in the majority of applied trade studies. This book departs from mainstream trade modeling and examines the dynamic aspects of international trade and investment policy by explicitly specifying dynamic mechanisms in a wide range of modeling approaches. With contributions from leading economists Dynamic Issues In Commercial Policy Analysis will become a standard reference in international trade and policy research.

Applied General Equilibrium (AGE) models have proven to be the tool of choice for analyzing the North American Free Trade Agreement (NAFTA). This collection contains the most important contributions to this burgeoning literature by many of the leading practitioners in the field. It also contains an extensive research survey, including comparisons of model dimensions, behavioral features, data sources, policy experiments, and main conclusions for policy. The volume contains a number of methodological advances in AGE modeling of trade policy.

Economists have long argued that dynamic effects of policy changes are much more important in the real world than static effects, but this is not reflected in the majority of applied trade studies. This book departs from mainstream trade modeling and examines the dynamic aspects of international trade and investment policy by explicitly specifying dynamic mechanisms in a wide range of modeling approaches. With contributions from leading economists Dynamic Issues In Commercial Policy Analysis will become a standard reference in international trade and policy research.