GTAP Resources: Resource Display
| GTAP Resource #5210 |
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"The cost of protectionism: Are consumers willing to pay it?" by Kutlina-Dimitrova, Zornitsa and Csilla Lakatos Abstract The aim of this paper is to provide a quantification of the cost of protectionism in multilateral context. This is one of the few attempts in the general equilibrium modelling literature to explicitly measure the cost of not having engaged in international trade liberalisation and the cost of increasing trade barriers in the current trade policy environment. For this purpose the authors use the dynamic GTAP model GDyn and the most recent GTAP database. In terms of modelling design the cost of protectionism are simulated through two scenarios: 1) an increase in tariffs on sectoral merchandise trade to their levels before the Uruguay round was negotiated and 2) an increase in tariffs to their bound levels in the WTO. In that way, the results of the modelling can be interpreted as an estimate of the cost of not having engaged in multilateral trade liberalisation and the cost stemming from using all discretionary power available to countries in terms of their negotiated trade schedules. |
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- Dynamic modeling - Multilateral trade negotiations |
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Public Access  GTAP Resource 5210 (157.6 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
