The Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment in the OECD [E-Book] / Organisation for Economic Co-operation and Development
Paris : OECD Publishing, 2005
48 p. ; 21 x 29.7cm.
englisch
10.1787/680335231342
OECD Economics Department Working Papers ; 463
Economics
Full Text
This paper provides an assessment of the impact of a package of structural reforms in all OECD countries on their long-run trade and output gains. The package includes reforms that reduce competition-restraining regulations, cut tariff barriers and ease restrictions on foreign direct investment to "best practice" levels in the OECD area. The analysis, which is based on earlier OECD studies, indicates that such reforms could lead to gains in GDP per capita in OECD countries of up to 4 to 5 per cent. As the analysis is confined to a relatively narrow set of policies and abstracts from potential dynamic effects from reform-induced increases in innovation, the overall gains from broad reforms could be significantly higher than reported in the paper.