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The impact of comprehensive tariff reductions in multilateral trade: further results from computable general equilibrium simulations

Author

Listed:
  • Shamim Shakur

    () (Massey University)

  • Allan N Rae

    () (Massey University)

Abstract

Despite their welfare-improving properties, negotiations on tariff reductions remain a highly contentious issue. Using the GTAP general equilibrium approach, this paper identifies potential winners and losers from partial removal of remaining tariffs in disaggregated sectors. By considering alternative approaches to further liberalising trade in three broadly defined sectors (agriculture, textiles and manufacturing), the paper establishes empirically the clear superiority of a comprehensive trade reform package which encompasses all sectors and geographic regions. Trade negotiators at the currently deadlocked Doha Round should take note of this result as a possible means of breaking the impasse.

Suggested Citation

  • Shamim Shakur & Allan N Rae, 2012. "The impact of comprehensive tariff reductions in multilateral trade: further results from computable general equilibrium simulations," Economics Bulletin, AccessEcon, vol. 32(1), pages 182-189.
  • Handle: RePEc:ebl:ecbull:eb-11-00819
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I1-P17.pdf
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    References listed on IDEAS

    as
    1. W. Jill Harrison & J. Mark Horridge & K.R. Pearson, 2000. "Decomposing Simulation Results with Respect to Exogenous Shocks," Computational Economics, Springer;Society for Computational Economics, vol. 15(3), pages 227-249, June.
    2. Bouet, Antoine & Laborde, David, 2008. "The potential cost of a failed Doha Round:," Issue briefs 56, International Food Policy Research Institute (IFPRI).
    3. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    tariffs; CGE model; Doha Round;

    JEL classification:

    • F1 - International Economics - - Trade

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