Distributional Effects of the Panama Canal Expansion

This paper uses a dynamic macro-micro framework to evaluate the potential distributional effects of the expansion of the Panama Canal. The results show that large macroeconomic effects are only likely during the operations phase (2014 and onward),...

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Bibliographic Details
Main Authors:	Bussolo, Maurizio, De Hoyos, Rafael E., Medvedev, Denis
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTING AGRICULTURE AVERAGE WAGE AVERAGE WAGES BASE YEAR BORROWING CAPITAL ACCUMULATION CAPITAL MARKETS CAPITAL RETURNS CAPITAL STOCK CD COMMERCE COMMODITIES COMMODITY COMPETITIVE LABOR MARKETS COMPETITIVENESS CONSTANT RETURNS TO SCALE CONSUMER GOODS CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS CORPORATE TAX CURRENT ACCOUNT BALANCE DEBT DEMAND CURVE DEVELOPMENT POLICY DISPOSABLE INCOME DISTRIBUTION OF INCOME DISTRIBUTION OF INCOMES DIVIDENDS DOMESTIC MARKET DOMESTIC PRICES DUAL ECONOMY EARNING ECONOMIC BOOM ECONOMIC STRUCTURE ECONOMICS EDUCATIONAL ATTAINMENT EDUCATIONAL SERVICES ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT EFFECT EMPLOYMENT EFFECTS EMPLOYMENT MULTIPLIER EMPLOYMENT STATUS ENDOGENOUS VARIABLES EQUILIBRIUM ESTIMATED PARAMETER EXCHANGE RATE EXOGENOUS VARIABLES EXPECTED VALUE EXPECTED WAGE EXPENDITURE EXPORT MARKETS EXPORT SECTORS EXPORTS EXTERNAL COMPETITIVENESS EXTREME POVERTY FACTOR MARKETS FACTOR PRICE FACTOR PRICES FINANCIAL MARKETS FINANCIAL SERVICES FOOD PRICES FORECASTS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN FIRMS FORMAL SECTOR WAGES FORMAL SECTOR WORKERS FULL EMPLOYMENT FUTURE RESEARCH GDP DEFLATOR GDP PER CAPITA GENERAL EQUILIBRIUM GINI COEFFICIENT GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GROWTH RATE GROWTH RATES HOUSEHOLD CHARACTERISTICS HOUSEHOLD CONSUMPTION HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD SURVEYS INCOME INCOME DISTRIBUTION INCOME EFFECT INCOME INEQUALITY INCOME TAX INFORMAL SECTOR INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INTERMEDIATE GOODS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL MIGRATION INTERNATIONAL TRADE JOB CREATION JOBS LABOR ALLOCATION LABOR COSTS LABOR DEMAND LABOR FORCE LABOR MARKET LABOR MARKET SEGMENTATION LABOR MARKETS LABOR MOBILITY LABOR MOVEMENT LABOR PRODUCTIVITY LABOR PRODUCTIVITY GROWTH LABOR REALLOCATION LABOR SUPPLY LABOUR LIVING STANDARDS MACROECONOMIC EFFECTS MACROECONOMIC POLICIES MARGINAL PROPENSITY TO SAVE MARKET PRICE MARKET PRICES MARKET SEGMENT MARKET SEGMENTS MARKET SUPPLY MINIMUM WAGE MONOPOLY MULTIPLIER EFFECT MULTIPLIER EFFECTS NATURAL RESOURCE NET EMPLOYMENT OCCUPATIONS PENSIONS PER CAPITA INCOME PER CAPITA INCOMES PERFECT COMPETITION POVERTY ALLEVIATION PREVIOUS SECTION PRICE CHANGES PRICE ELASTICITY PRICE ELASTICITY OF DEMAND PRICE INFLATION PRIMARY SOURCE PRIVATE INVESTMENT PRODUCER PRICE PRODUCTION OUTPUT PRODUCTIVITY PRODUCTIVITY EFFECTS PRODUCTIVITY GROWTH PUBLIC SERVICE PUBLIC SERVICES RAPID GROWTH RATE OF GROWTH RATE OF RETURN RATE OF RETURN TO CAPITAL REAL GDP REAL INCOME REAL WAGES RENTS RISK AVERSION RISK-AVERSE INDIVIDUALS RURAL INFRASTRUCTURE RURAL LABOR RURAL POVERTY SALES SAVINGS SERVICE SECTORS SKILL PREMIUM SKILLED WAGE PREMIUM SKILLED WORKERS SMALL COUNTRY SPREAD SUBSTITUTE TAX TAX RATE TAX RATES TAX REVENUES TAXATION TECHNOLOGICAL CHANGE TOTAL EMPLOYMENT TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNSKILLED LABOR UNSKILLED WORKERS URBANIZATION UTILITY FUNCTION VALUE ADDED WAGE DIFFERENTIALS WAGE EFFECTS WAGE GAP WAGE GROWTH WAGE LEVELS WAGE RATE WAGE SUBSIDY WAGES WORKER WORLD TRADE WORLD TRADE ORGANIZATION
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111020102130 http://hdl.handle.net/10986/3615

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111020102130
http://hdl.handle.net/10986/3615

Distributional Effects of the Panama Canal Expansion

Internet

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