A User's Guide to Uruguay Round Assessments

Joseph Francois, Brad McDonald and Håkan Nordström

No 1410, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: In this paper we provide a broad overview of the computable general equilibrium (CGE) literature on the Uruguay Round, detailing the policy experiments of various studies and differences in model structures and relating these to the overall pattern of results. We supplement this overview with a discussion of implementation and offsetting factors. Overall, the literature points to significant potential gains from the Uruguay Round, particularly from non-tariff barrier (NTB) liberalization. Strict monitoring and enforcement of NTB-related provisions would yield significant benefits, while lax implementation would imply significant missed opportunities.

Keywords: CGE Modelling; GAT; Trade Liberalization; Uruguay Round; WTO (search for similar items in EconPapers)
JEL-codes: F13 F47 (search for similar items in EconPapers)
Date: 1996-06
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Citations: View citations in EconPapers (16)

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