UNSPECIFIED. (2003) Applied general equilibrium analysis of trade liberalisation on land-based sectors in Malaysia and Indonesia. JOURNAL OF POLICY MODELING, 25 (9). pp. 947-961. ISSN 0161-8938

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Abstract

This paper presents general equilibrium evaluations of forest sector trade for Southeast Asian exporters. The four scenarios examined range from the 1994 Uruguay Round tariff reductions to a complete liberalisation of forest and agricultural products trade. We find that simultaneous reductions in forest and agricultural sector tariffs make Indonesia and Malaysia worse off. For Indonesia, this is due to the fall in forest rent and agricultural tariff revenues. Malaysia has the highest ratio of agricultural imports to total land-based sector imports, the rise in agricultural prices thus hits Malaysian consumers the hardest. We find that terms of trade effect omitted from the partial equilibrium framework may reduce the welfare calculations for Malaysia and Indonesia in the forest sector trade by as much as 106 and 58%, respectively. This points to the importance of general equilibrium modelling in the logging industry. The same applies to other sector specific analyses where trade is concentrated between few countries. (C) 2003 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	JOURNAL OF POLICY MODELING
Publisher:	ELSEVIER SCIENCE INC
ISSN:	0161-8938
Date:	December 2003
Volume:	25
Number:	9
Number of Pages:	15
Page Range:	pp. 947-961
Identification Number:	10.1016/j.jpolmod.2003.08.001
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/8867

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