Projected Benefits of the Doha Round Hinge on Misleading Trade Models
Lance Taylor and
Rudiger von Arnim ()
No 2007-03, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School
Projected welfare gains from trade liberalization are derived from global computable general equilibrium (CGE) models, which are based on highly unrealistic assumptions. In this SCEPA Policy Note, the authors analyze the foundation of CGE models and argue that their predictions are often misleading. They find that any possible Doha trade agreement is likely to introduce substantial macroeconomic risk for developing countries, and particularly sub Saharan Africa.
Keywords: Welfare Gains; Doha Round; Trade; Liberalization (search for similar items in EconPapers)
JEL-codes: D63 E21 H2 H30 (search for similar items in EconPapers)
Pages: 3 pages
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapn:2007_03
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