Trade and Competition Policies for Growth in Lebanon: A General Equilibrium Analysis

• Tác giả: Sebastien Dessus
• Ngôn ngữ: eng
• Ký hiệu phân loại: 330 Economics
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 301902
• Chủ đề: 1. Antitrust Issues and Policies: General L400; 2. Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; 3. Industrial Price Indices L160; 4. International Trade Organizations F130; 5. Trade Policy

Tóm tắt

Using recent data on concentration indexes, we estimate that rents accruing from monopolistic positions represent more than 16 percent of GDP in Lebanon. In turn, using an applied computable general equilibrium model, we compare the long term impact of raising domestic competition with that of reducing import tariffs. Simulation results suggest that Lebanon would largely benefit from the reduction of anti-competitive practices. By way of comparison, reducing tariffs would be structurally less effective in terms of raising investment opportunities and real wages, which, in the long run, would inevitably affect economic growth.