GTAP Resources: Resource Display
| GTAP Resource #816 |
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"The sectoral approach to trade liberalisation: should we try to do better?" by Rae, Allan, Srikanta Chatterjee and Shamim Shakur Abstract This paper discusses partial approaches to trade liberalisation, such as APEC's Early Voluntary Sector Liberalisation proposal and the 'zero for zero' approach. Distortions to resource allocation and global markets that might result from partial liberalisations are discussed, and parallels drawn to the possible trade diversion impacts and welfare losses of regional liberalisation and tariff escalation. A global CGE model is used to provide some numerical illustrations of the issues with respect to international trade in grains, oilseeds, livestock and related processed products. |
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Last Modified: 9/15/2023 1:05:45 PM
