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Uraguay Round Impacts on Canada

Author

Listed:
  • Perroni, C.
  • Wigle, R.M.
  • Nguyen, T.T.

Abstract

The Uruguay Round was the most ambitious round of GATT negotiations ever undertaken. This paper offers an evaluation of possible effects of the Final Act of the Uruguay Round with a special focus on Canada. Our two main findings can be summarized as follows: (1)First, the estimated impacts of the Uruguay Round are more modest than previous estimates. This is due to a number of differences between the Final Act of the round and the outcome which had earlier been expected in studies using liberalisation scenarios based on the Draft Final Act (or Dunkel Draft). (2)Our second finding pertains to the liberalisation in textiles and clothing which may be the most significant part of the Uruguay Round in terms of its reallocative impact in Canada. Output, employment and exports of textiles and clothing are likely to fall, and in turn cause factors to shift to other sectors.

Suggested Citation

  • Perroni, C. & Wigle, R.M. & Nguyen, T.T., 1996. "Uraguay Round Impacts on Canada," Working Papers 96004, Wilfrid Laurier University, Department of Economics.
    • Handle: RePEc:wlu:wpaper:96004
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    References listed on IDEAS

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    1. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, number 9780521266550.
    2. Trien T. Nguyen & Carlo Perroni & Randall M. Wigle, 1991. "The Value of a Uruguay Round Success," The World Economy, Wiley Blackwell, vol. 14(4), pages 359-374, December.
    3. Trela, Irene & Whalley, John, 1990. "Global Effects of Developed Country Trade Restrictions on Textiles and Apparel," Economic Journal, Royal Economic Society, vol. 100(403), pages 1190-1205, December.
    4. Nguyen, Trien T. & Wigle, Randall M., 1992. "Trade liberalisation with imperfect competition : The large and the small of it," European Economic Review, Elsevier, vol. 36(1), pages 17-35, January.
    5. Markusen, James R & Wigle, Randall M, 1990. "Explaining the Volume of North-South Trade," Economic Journal, Royal Economic Society, vol. 100(403), pages 1206-1215, December.
    6. Petersen, Christian E, 1992. "Trade Conflict and Resolution Methodologies," American Economic Review, American Economic Association, vol. 82(2), pages 62-66, May.
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    Cited by:

    1. Chapda Nana, Guy & Larue, Bruno & Gervais, Jean-Philippe, 2012. "Regional integration and dynamic adjustments: Evidence from gross national product functions for Canada and the United States," The North American Journal of Economics and Finance, Elsevier, vol. 23(2), pages 246-264.

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    More about this item

    Keywords

    INTERNATIONAL TRADE ; EVALUATION;

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F10 - International Economics - - Trade - - - General

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