Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/23189
Title: The Impact of Trade Liberalisation on Poverty and Welfare in South Asia: A Special Reference to Sri Lanka
Contributor(s): Perera, Sumudu (author); Siriwardana, Mahinda  (author); Mounter, Stuart  (author)orcid 
Publication Date: 2017
Open Access: Yes
DOI: 10.5772/intechopen.69506Open Access Link
Handle Link: https://hdl.handle.net/1959.11/23189
Abstract: This chapter evaluates the economic impacts of SAFTA relative to alternative trade policies to determine which policies best deliver increased welfare to citizens, thereby helping to alleviate income disparities and poverty in the region. The study does so with a particular emphasis on the income inequality and poverty effects of trade liberalisation in South Asia on households in Sri Lanka. A static multi-country computable general equilibrium model for South Asia (SAMGEM) is formulated by incorporating a multiple household framework into the Global Trade Analysis Project (GTAP) model. A nonparametric extended representative household agent approach is used to estimate the income inequality and poverty effects of trade liberalisation in South Asia by using micro-household survey data. The findings revealed that amongst the different trade policy options considered, unilateral trade liberalisation ensures the highest welfare to all South Asian members followed by the customs union (with the exception of Sri Lanka) and the SAFTA. The poverty and income equality analysis for the Sri Lankan economy suggests that poverty is predominant in the rural and the estate sectors and Sri Lanka can achieve a significant progress towards poverty reduction as a result of implementing trade reforms.
Publication Type: Book Chapter
Source of Publication: Poverty, Inequality and Policy, p. 83-119
Publisher: InTech Open
Place of Publication: Rijeka, Croatia
ISBN: 9789535135593
9789535135609
Fields of Research (FoR) 2008: 140210 International Economics and International Finance
Fields of Research (FoR) 2020: 380110 International economics
Socio-Economic Objective (SEO) 2008: 910302 Trade Assistance and Protection
Socio-Economic Objective (SEO) 2020: 150102 Trade assistance and protection
HERDC Category Description: B1 Chapter in a Scholarly Book
Editor: Editor(s): Gabriel Staicu
Appears in Collections:Book Chapter
UNE Business School

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