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Market Growth, Structural Change, and the Gains from the Uruguay Round

Author

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  • Christian Friis Bach
  • Betina Dimaranan
  • Thomas W. Hertel
  • Will Martin

Abstract

It is found that market growth and structural changes will affect the results of quantitative analyses of the Uruguay Round. Rapid economic growth in Asia, and relatively deeper cuts in protection in that region, result in larger proportionate welfare gains in the year 2005 than in the year 1992. It is also found that changing comparative advantage, and shifts in global demand, result in substantial changes in the restrictive effects of the bilateral quotas on textiles and apparel. Accounting for the factors associated with market growth and structural change adds 30% to the estimates of global welfare gains from the Uruguay Round.

Suggested Citation

  • Christian Friis Bach & Betina Dimaranan & Thomas W. Hertel & Will Martin, 2000. "Market Growth, Structural Change, and the Gains from the Uruguay Round," Review of International Economics, Wiley Blackwell, vol. 8(2), pages 295-310, May.
    • Handle: RePEc:bla:reviec:v:8:y:2000:i:2:p:295-310
    DOI: 10.1111/1467-9396.00222
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    Cited by:

    1. Chebbi, Houssem Eddine & Lachaal, Lassaad, 2006. "What Role for The Agricultural Sector in the Process Of Economic Growth of Tunisia? Evidence from Multivariate Cointegration," Conference papers 331513, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Aziz Elbehri & Thomas Hertel & Will Martin, 2003. "Estimating the Impact of WTO and Domestic Reforms on the Indian Cotton and Textile Sectors: a General‐Equilibrium Approach," Review of Development Economics, Wiley Blackwell, vol. 7(3), pages 343-359, August.
    3. Peter Walkenhorst, 2004. "Liberalising Trade in Textiles and Clothing: A Survey of Quantitative Studies," International Trade 0401007, University Library of Munich, Germany.
    4. Yu, Wusheng & Hertel, Thomas W. & Preckel, Paul V. & Eales, James S., 2004. "Projecting world food demand using alternative demand systems," Economic Modelling, Elsevier, vol. 21(1), pages 99-129, January.
    5. Kuo‐I CHANG & Kazunobu HAYAKAWA, 2010. "Border Barriers In Agricultural Trade And The Impact Of Their Elimination: Evidence From East Asia," The Developing Economies, Institute of Developing Economies, vol. 48(2), pages 232-246, June.
    6. C. F. Bach & S. E. Frandsen & H. G. Jensen, 2000. "Agricultural and Economy‐Wide Effects of European Enlargement: Modelling the Common Agricultural Policy," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(2), pages 162-180, May.
    7. Aziz ELBEHRI, 2010. "MFA Quota Removal and Global Textile and Cotton Trade: Estimating Quota Trade Restrictiveness and Quantifying Post-MFA Trade Patterns," EcoMod2004 330600048, EcoMod.
    8. Ianchovichina, Elena, 2001. "Trade Liberalization in China’s Accession to WTO," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 421-445.
    9. Tongzon, Jose & Nguyen, Hong-Oanh (Owen), 2009. "China's economic rise and its implications for logistics: The Australian case," Transport Policy, Elsevier, vol. 16(5), pages 224-231, September.

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