| This paper discusses
the measurement of production and employment effects of trade policy, and more
broadly the effects of economic integration and globalization. First, it provides
a broad-brush overview of the ex-post literature linking trade to performance,
such as measures of worker displacement, adjustment costs, and econometric evidence
on trade and wages. It then defines structural impact indexes, illustrating their
use with a stylized CGE model-based assessment of the impact of EU enlargement
on the transition economies. Finally, the last section discusses the gap between
our ex-post experience with adjustment costs, and what ex-ante methods actually
tell us. |
Abstract |
