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MAY THE PRO-POOR IMPACTS OF TRADE LIBERALIZATION VANISH BECAUSE OF IMPERFECT INFORMATION ?

Jean-Marc BOUSSARD (), Francoise Gerard, Piketty, Marie-Gabrielle, Christensen, Ane-Katrine and Tancrede Voituriez

No 25849, 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa from International Association of Agricultural Economists

Abstract: In this paper, we try to evaluate the change in welfare gains and their distribution due to trade liberalization when imperfect information is considered. The results of two versions of a computable general equilibrium (CGE) model, using GTAP database and representing goods as well as capital flows, are compared. In the first one, a standard world CGE approach is followed. In the second version we include risk aversion, imperfect information and production lag in the agricultural sector. After a brief description of the two versions, changes in welfare, represented by the income of two types of household (middle-low and middle-high) in three regions (Europe, United States, Rest of the World) after agricultural trade liberalization are presented. Theoretical and political consequences of the results are discussed.

Keywords: International Relations/Trade (search for similar items in EconPapers)
Date: 2003
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Journal Article: May the pro-poor impacts of trade liberalisation vanish because of imperfect information? (2004) Downloads
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