LEADER 02568nam 2200409 450 001 9910137983903321 005 20230225144737.0 035 $a(CKB)3230000000016046 035 $a(NjHacI)993230000000016046 035 $a(EXLCZ)993230000000016046 100 $a20230225d2005 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment $eThe Case of the United States and the European Union /$fOrganisation for Economic Co-operation and Development 210 1$aParis, France :$cOECD Publishing,$d2005. 215 $a1 online resource (53 pages) 225 0 $aOECD Economics Department Working Papers 330 $aThis 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. 517 $aBenefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment 517 $aThe Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment 606 $aInternational trade 606 $aEconomics 606 $aInvestments, Foreign 607 $aUnited States 615 0$aInternational trade. 615 0$aEconomics. 615 0$aInvestments, Foreign. 676 $a330 801 0$bNjHacI 801 1$bNjHacl 906 $aBOOK 912 $a9910137983903321 996 $aThe Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment$93019419 997 $aUNINA