Abstract
The paper uses a dualistic, compact and “generic” (macroeconomic) computable general
equilibrium (CGE) model specially constructed for the purpose of investigating the
implications of trade liberalization for poverty reduction in South Asia. The model is a
stylized representation of economies with large populations including large numbers of both
urban and rural poor as in India, Pakistan or Bangladesh. The current "generic" model uses
CES production functions and Harris-Todaro type migration model together with
representative data to generate economy wide results. It is found that a dualistic production
structure with sufficient details on the labor markets and household side can capture some of
the effects of trade liberalization on poverty reduction. The model’s general equilibrium
results suggest that trade liberalization can complement other specific policy interventions for
poverty reduction.
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The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
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