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General Equilibrium Dynamic Models and the Doha Round Impact on Underdeveloped Economies

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  • Bostan, Ionel

    ()
    (“Stefan cel Mare” University of Suceava, Str. Universit􀄃􀄠ii nr. 13, Suceava, Romania)

  • Grosu, Veronica

    (“Stefan cel Mare” University of Suceava, Str. 13 Universitatii, Suceava, Romania)

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    Abstract

    The authors have focused on the provision of a general outlook on global multiregional models that enable the study of the effects of commercial policies, and have particularly analysed the models that can be applied to underdeveloped economies. Starting from a simple model, the hypotheses introduced into general equilibrium models are analysed, focusing on the study of commercial policies. Following a synthetic description of the main Walrasian global multiregional models, selected according to the possibility of applying these instruments to the analysis of commercial policies in underdeveloped countries, attention is particularly given to the main limitations entailed by these models, thus emphasizing their disagreement with the characteristics of the underdeveloped economies. Moreover, the study underlines the hypotheses according to which these models would not be suitable for the economies of those states. The authors also insist on the impact of the possible scenarios derived from the Doha Round, which have caused significant assessment differences.

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    Bibliographic Info

    Article provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.

    Volume (Year): (2011)
    Issue (Month): 1 (March)
    Pages: 159-174

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    Handle: RePEc:rjr:romjef:v::y:2011:i:1:p:159-174

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    Related research

    Keywords: general equilibrium models; trade policies; trade predictions; Doha Round scenario;

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    1. Anderson, Kym & Martin, Will, 2005. "Agricultural trade reform and the Doha development agenda," Policy Research Working Paper Series 3607, The World Bank.
    2. Brown, Drusilla K., 1987. "Tariffs, the terms of trade, and national product differentiation," Journal of Policy Modeling, Elsevier, vol. 9(3), pages 503-526.
    3. Paul Oslington, 2005. "Unemployment and Trade Liberalisation," The World Economy, Wiley Blackwell, vol. 28(8), pages 1139-1155, 08.
    4. Antoine Bou�t & Simon Mevel & David Orden, 2007. "More or Less Ambition in the Doha Round: Winners and Losers from Trade Liberalisation with a Development Perspective," The World Economy, Wiley Blackwell, vol. 30(8), pages 1253-1280, 08.
    5. Lancaster, Kelvin, 1980. "Intra-industry trade under perfect monopolistic competition," Journal of International Economics, Elsevier, vol. 10(2), pages 151-175, May.
    6. Anderson, Kym & Martin, Will & van der Mensbrugghe, Dominique, 2005. "Global impacts of Doha trade reform scenarios on poverty," Policy Research Working Paper Series 3735, The World Bank.
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