 Estimating Trade, Welfare, and Poverty Effects of Trade Policy ReformsChapter Chapter 6 in Agricultural Trade, Policy Reforms, and Global Food Security, 2016, pp 113-153 from Palgrave Macmillan Abstract: Abstract Global economy-wide modeling results suggest that reforms over the two decades to 2004 brought the world a remarkable three-fifths of the way toward free trade when measured in terms of global economic welfare, benefitting developing countries proportionately more than high-income countries. Had the remaining policies as of 2004 also been liberalized, developing countries would have gained nearly twice as much as high-income countries, further closing the income gap between high-income and developing countries. Of those prospective welfare gains from completing the global trade liberalization process, two-thirds would be generated by agricultural policy changes, even though agriculture and food account for less than one-tenth of global GDP and trade. Such is the degree of distortions still remaining in agricultural markets compared with those in other sectors. Keywords: Computable General Equilibrium Model; Uruguay Round; Partial Equilibrium Model; International Food Policy Research Institute; Merchandise Trade (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psachp:978-1-137-46925-0_6 Ordering information: This item can be ordered from DOI: 10.1057/978-1-137-46925-0_6 Access Statistics for this chapter More chapters in Palgrave Studies in Agricultural Economics and Food Policy from Palgrave Macmillan |
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