General Equilibrium Analysis of India’s Trade Reforms

Sameer R. Rege

Review of Urban & Regional Development Studies, 2001, vol. 13, issue 2, 123-142

Abstract: WTO membership for India implies cutting tariffs in a phased manner. A general equilibrium approach is used to evaluate its impacts. The study analyses both the reduction and elimination of tariffs. With a small country assumption, there are welfare gains by liberalizing trade. With a large country assumption, welfare gains are observed when a CET transformation function is used and welfare loss in its absence.

Date: 2001
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