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GTAP Resource #824

"Computational Analysis of the Impact on India of the Uruguay Round and the Forthcoming WTO Trade Negotiations"
by Chadha, Rajesh, Drusilla K Brown, Alan V Deardorff and Robert M Stern

This study analyzes the economic effects on India and other major trading countries/regions of the Uruguay Round (UR) trade liberalization and the liberalization that might be undertaken in a new WTO negotiating round. India's welfare gain is expected to be 1.1% ($4.7 billion over its 2005 GDP) when the UR scenarios get fully implemented. The additional welfare gain is an estimated 2.7% ($11.4 billion) when the assumed future WTO round of multilateral trade liberalization is achieved. Resources would be allocated in India to the labor-intensive sectors. Real returns to both labor and capital would increase in the economy. Finally, even if India undertakes unilateral trade liberalization, it would still benefit, although less so than with multilateral liberalization.

Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Not published
By/In: Third International Conference on Global Economic Analysis, Melbourne
Date: 2000
Version: Final
Created: (9/25/2001)
Updated: Batta, G. (1/17/2013)
Visits: 2,019
- Dynamic modeling
- Asia (East)

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