Um modelo de equilíbrio geral computável para o estudo de políticas de comércio exterior no Brasil

Abstract

In this paper, we built a computable general equilibrium model to Brazil to be used to study the effects of trade policy. The model is highly nonlinear and dynamic and the price mechanism plays an important role on resource allocation. The equilibrium solution is obtained through an adjustment process in which product prices and wages vary until demand excesses are eliminated. Over the simulation period (W5,190), our results _show that a 50%, cut in import tariffs and export subsidies, has a positive impact on resource allocation and economic growth.