02568nam 2200409 450 991013798390332120230225144737.0(CKB)3230000000016046(NjHacI)993230000000016046(EXLCZ)99323000000001604620230225d2005 uy 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierThe Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment The Case of the United States and the European Union /Organisation for Economic Co-operation and DevelopmentParis, France :OECD Publishing,2005.1 online resource (53 pages)OECD Economics Department Working PapersThis paper provides an assessment of the impact of a package of structural reforms in the European Union and the United States on long-run trade and output gains accruing to OECD countries. 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 both transatlantic areas of up to 3 to 3 ½ per cent. Moreover, due to trade linkages, the benefits of reforms in the United States and the European Union would spread to other OECD countries, with an estimated increase in GDP per capita of up to 1½ per cent. As the analysis is confined to a relatively narrow set of policies and abstracts from potential dynamic effects from reform-induced increase in innovation, the overall gains from broad reforms could be significantly higher than reported in the paper.Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and InvestmentThe Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and InvestmentInternational tradeEconomicsInvestments, ForeignUnited StatesInternational trade.Economics.Investments, Foreign.330NjHacINjHaclBOOK9910137983903321The Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment3019419UNINA