In measuring the effects of trade agreements, the problem for economists is usually not a lack of answers but rather an abundance of them. Economists have developed a variety of approaches to analyzing trade agreements that often give very different results. To an economist these discrepancies may be acceptable or even welcome because they can lead to insights as to why results differ from one modeling approach to another. However, among policy-makers and the general public, conflicting results can create confusion and undermine the credibility of applied trade policy analysis.
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Paper provided by Canadian Agricultural Trade Policy Research Network in its series Commissioned Papers with number
24165.