THE ECONOMIC COSTS TO THE U.S. OF CLOSING ITS BORDERS: A COMPUTABLE GENERAL EQUILIBRIUM ANALYSIS

被引:12
|
作者
Dixon, P. B. [1 ]
Giesecke, J. A. [1 ]
Rimmer, M. T. [1 ]
Rose, A. [2 ]
机构
[1] Monash Univ, Ctr Policy Studies, Clayton, Vic 3800, Australia
[2] Univ So Calif, Ctr Risk & Econ Anal Terrorism Events, Los Angeles, CA 90089 USA
关键词
Border closure; Strategic reserves; Bottleneck imports; Dynamic CGE; Terrorism; Pandemics; INPUT-OUTPUT MODEL; UNITED-STATES; CGE MODELS; SYSTEM;
D O I
10.1080/10242694.2010.491658
中图分类号
F [经济];
学科分类号
02 ;
摘要
We use a CGE model to simulate the effects of a one-year US border closure. Relative to previously used input-output modeling, CGE modeling offers a flexible framework for capturing bottleneck and labor-market effects. Our analysis suggests that the costs of a prolonged closure could be much greater than indicated by input-output studies. We find that cutting all imports by 95% in an environment of sticky real wages would reduce GDP by 48%. However, if bottleneck imports (mainly oil) were exempt and workers accepted real wage cuts then the GDP reduction would be only 11%.
引用
收藏
页码:85 / 97
页数:13
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