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General Equilibrium Analysis of India’s Trade Reforms

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  • Sameer R. Rege

Abstract

WTO membership for India implies cutting tariffs in a phased manner. A general equilibrium approach is used to evaluate its impacts. The study analyses both the reduction and elimination of tariffs. With a small country assumption, there are welfare gains by liberalizing trade. With a large country assumption, welfare gains are observed when a CET transformation function is used and welfare loss in its absence.

Suggested Citation

  • Sameer R. Rege, 2001. "General Equilibrium Analysis of India’s Trade Reforms," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 13(2), pages 123-142, July.
    • Handle: RePEc:bla:revurb:v:13:y:2001:i:2:p:123-142
    DOI: 10.1111/1467-940X.00036
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