Impacts of trade reform: sensitivity of model results to key assumptions

Title: Impacts of trade reform: sensitivity of model results to key assumptions
Creator: Valenzuela, Ernesto; Anderson, Kym; Hertel, Thomas
Date: 2008
Type: Text; Journal article
Identifier: http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/73714
Identifier: vital:7118
Identifier: https://doi.org/10.1007/s10368-007-0094-4
Identifier: ISSN:1612-4812
Abstract: The WTO’s Doha Development Agenda has generated demand for estimates of the potential economic consequences of global trade reform. Recent improvements in the GTAP dataset have provided a much better representation of tariff restrictions as of 2001. However, despite its use by most global trade modelers, substantial differences in results emerge from different computable general equilibrium exercises. To help understand these differences, this paper examines the sensitivity of full global and regional trade liberalization results from the GTAP model, using the GTAP version 6.1 database, to different assumptions about factor mobility, fiscal neutrality, macro-economic closure, and trade (Armington) elasticities.
Relation: International Economics and Economic Policy Vol. 4, no. 4 (2008), p. 395-420
Rights: Copyright Springer
Rights: This metadata is freely available under a CCO license
Subject: Trade policy reform; WTO; Agricultural trade; Computable general equilibrium; 1402 Applied Economics
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