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The Uruguay Round: A Global General Equilibrium Assessment

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  • Francois, Joseph
  • McDonald, Brad
  • Nordström, Håkan

Abstract

In this paper we provide an economic assessment of the Uruguay Round agreements on tariffs, textiles and clothing, and agriculture, highlighting scale economies, imperfect competition, and dynamic linkages between trade, incomes, and investment. We present estimates of the welfare effects of the individual agreements and their overall impact on different regions in the world. We also provide a decomposition of estimates with respect to various assumptions about model structure. The inclusion of imperfect competition, scale economies, and capital accumulation effects proves to be important, not least for developing countries.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1067.

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Date of creation: Nov 1994
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Handle: RePEc:cpr:ceprdp:1067

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Related research

Keywords: Agricultural Trade; GATT; Liberalization; MFA; Uruguay Round;

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Cited by:
  1. Peter Walkenhorst, 2004. "Liberalising Trade in Textiles and Clothing: A Survey of Quantitative Studies," International Trade 0401007, EconWPA.
  2. Spinanger, Dean, 1997. "The WTO after the Singapore ministerial: Much to do about what?," Kiel Discussion Papers 304, Kiel Institute for the World Economy (IfW).
  3. Bou�t, Antoine, 2006. "What can the poor expect from trade liberalization?: opening the "black box" of trade modeling," MTID discussion papers 93, International Food Policy Research Institute (IFPRI).
  4. Warr, Peter G. & Ahammad, Helal, 1996. "Food Aid, Food Policy and the Uruguay Round: Implications for Bangladesh," 1996 Conference (40th), February 11-16, 1996, Melbourne, Australia 149714, Australian Agricultural and Resource Economics Society.
  5. Serrano Martínez Lorenzo & Pastor Monsálvez José Manuel, 2009. "European Integration and Inequality among Countries: a Lifecycle income Analysis," Working Papers 201050, Fundacion BBVA / BBVA Foundation.
  6. Seyoum, Belay, 2007. "Trade liberalization and patterns of strategic adjustment in the US textiles and clothing industry," International Business Review, Elsevier, vol. 16(1), pages 109-135, February.
  7. Warwick J McKibbin & K K Tang, 1998. "The Global Economic Impacts of Trade and Financial Reform in China," Departmental Working Papers 1998-08, The Australian National University, Arndt-Corden Department of Economics, revised Sep 1998.
  8. Anderson, Kym, 1995. "Agricultural Competitiveness After the Uruguay Round," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(03), December.
  9. Faehn, Taran & Grunfeld, Leo A., 1999. "Recent Leaps Towards Free Trade: The Impact on Norwegian Industry and Trade Patterns," Journal of Policy Modeling, Elsevier, vol. 21(6), pages 715-745, November.
  10. Chaponnière, Jean-Raphaël & Cling, Jean-Pierre & Marouani, Mohamed Ali, 2004. "Les conséquences pour les pays en développement de la suppression des quotas dans le textile-habillement : le cas de la Tunisie," Economics Papers from University Paris Dauphine 123456789/4443, Paris Dauphine University.
  11. Haaparanta, Pertti, 1998. "Regional concentration, trade, and welfare," Regional Science and Urban Economics, Elsevier, vol. 28(4), pages 445-463, July.
  12. Hertel, Thomas W. & Bach, Christian F. & Dimaranan, Betina & Martin, Will, 1996. "Growth, globalization, and gains from the Uruguay Round," Policy Research Working Paper Series 1614, The World Bank.
  13. Robert W. McGee & Yeomin Yoon, 1998. "Korea and the World Trade Organization: Problems and Prospects," International Trade 9805006, EconWPA.

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