Meta‐analysis of general and partial equilibrium simulations of Doha Round outcomes

Sebastian Hess and Stephan Von Cramon‐Taubadel

Agricultural Economics, 2007, vol. 37, issue s1, 281-286

Abstract: Quantification of welfare changes due to trade liberalization plays a crucial role for political decision making. However, significant differences in simulated gains from liberalization do not serve to increase confidence in quantitative assessments based on trade models. A meta‐analysis of trade simulations under the WTO Doha Round is employed to identify model characteristics that influence the magnitude of simulation results. Findings from a simple regression model are plausible and show that each simulation experiment represents a complex interaction of model characteristics and experimental settings that may not easily be communicated to nonexperts. Meta‐analysis proves to be useful for empirically assessing this complexity.

Date: 2007
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https://doi.org/10.1111/j.1574-0862.2007.00252.x

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Working Paper: Meta-Analysis of General and Partial Equilibrium Simulations of Doha Round Outcomes (2006)
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