The impact of comprehensive tariff reductions in multilateral trade: further results from computable general equilibrium simulations
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.
Volume (Year): 32 (2012)
Issue (Month): 1 ()
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- W. Jill Harrison & J. Mark Horridge & K.R. Pearson, 2000.
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- W. Jill Harrison & K.R. Pearson, 1994. "Computing Solutions for Large General Equilibrium Models Using GEMPACK," Centre of Policy Studies/IMPACT Centre Working Papers ip-64, Victoria University, Centre of Policy Studies/IMPACT Centre.
- Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, February. Full references (including those not matched with items on IDEAS)
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