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The Uruguay Round: A Global General Equilibrium Assessment

Author

Listed:
  • 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.

Suggested Citation

  • Francois, Joseph & McDonald, Brad & Nordström, Håkan, 1994. "The Uruguay Round: A Global General Equilibrium Assessment," CEPR Discussion Papers 1067, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1067
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    Citations

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    Cited by:

    1. Bouët, 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).
    2. Polo, Clemente & Valle, Elisabeth, 2005. "The impact of a fall in tourism on the Balearic economy," Conference papers 331334, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Anderson, Kym, 1995. "Agricultural Competitiveness After the Uruguay Round," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(03), pages 1-12, December.
    4. Robert W. McGee & Yeomin Yoon, 1998. "Korea and the World Trade Organization: Problems and Prospects," International Trade 9805006, University Library of Munich, Germany.
    5. Safadi, Raed & Laird, Sam, 1996. "The Uruguay Round agreements: Impact on developing countries," World Development, Elsevier, vol. 24(7), pages 1223-1242, July.
    6. MacDonald, Stephen & Meyer, Leslie & Somwaru, Agapi, 2003. "Perspectives on Cotton Global Trade Reforms," Conference papers 331154, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    7. Warwick J. McKibbin & K. K. Tang, 2000. "Trade and Financial Reform in China: Impacts on the World Economy," The World Economy, Wiley Blackwell, vol. 23(8), pages 979-1003, August.
    8. Jean-Raphael Chaponniere & Jean-Pierre Cling & Mohamed Ali Marouani, 2004. "Les conséquences pour les pays en développement de la suppression des quotas dans le textile habillement : le cas de la Tunisie," Working Papers DT/2004/16, DIAL (Développement, Institutions et Mondialisation), revised Dec 2004.
    9. 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 Kiel).
    10. Lionel Fontagné & Nicolas Péridy, 1995. "Uruguay Round et PVD : le cas de l'Afrique du Nord," Revue Économique, Programme National Persée, vol. 46(3), pages 703-715.
    11. Susanna Kinnman & Magnus Lodefalk, 2007. "What is at Stake in the Doha Round?," The World Economy, Wiley Blackwell, vol. 30(8), pages 1305-1325, August.
    12. Peter G. Warr & Helal Ahammad, 1997. "Food aid, food policy and the Uruguay round: implications for Bangladesh," Agricultural Economics, International Association of Agricultural Economists, vol. 15(3), pages 169-185, January.
    13. Francois, Joseph & Bradley McDonald, 1996. "Liberalization and Capital Accumulation in the GTAP Model," GTAP Technical Papers 310, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    14. A. T. Blake & A. J. Rayner & G. V. Reed, 1999. "A Computable General Equilibrium Analysis of Agricultural Liberalisation: The Uruguay Round and Common Agricultural Policy Reform," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 400-424, September.
    15. Joaquin Maudos & Jose Pastor & Lorenzo Seranno, 1999. "Economic integration, efficiency and economic growth: the European Union experience," Applied Economics Letters, Taylor & Francis Journals, vol. 6(6), pages 389-392.
    16. José M. Pastor & Lorenzo Serrano, 2012. "European Integration and Inequality among Countries: A Lifecycle Income Analysis," Review of International Economics, Wiley Blackwell, vol. 20(1), pages 186-199, February.
    17. 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.
    18. 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.
    19. Anderson, Kym, 1995. "Impacts of New Multilateral and Regional Integration Agreements on Agricultural Competitiveness of Advanced Economies," 1994 Conference, August 22-29, 1994, Harare, Zimbabwe 183378, International Association of Agricultural Economists.
    20. Peter Walkenhorst, 2004. "Liberalising Trade in Textiles and Clothing: A Survey of Quantitative Studies," International Trade 0401007, University Library of Munich, Germany.
    21. 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.
    22. repec:dau:papers:123456789/4443 is not listed on IDEAS
    23. Haaparanta, Pertti, 1998. "Regional concentration, trade, and welfare," Regional Science and Urban Economics, Elsevier, vol. 28(4), pages 445-463, July.
    24. Joseph Francois, 2000. "Assessing The Results Of General Equilibriumstudies Of Multilateral Trade Negotiations," UNCTAD Blue Series Papers 3, United Nations Conference on Trade and Development.

    More about this item

    Keywords

    Agricultural Trade; GATT; Liberalization; MFA; Uruguay Round;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F10 - International Economics - - Trade - - - General
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation

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