DP1410 A User's Guide to Uruguay Round Assessments

Author(s): Joseph Francois, Brad McDonald, Håkan Nordström
Publication Date: June 1996
Keyword(s): CGE Modelling, GAT, Trade Liberalization, Uruguay Round, WTO
JEL(s): F13, F47
Programme Areas: International Trade and Regional Economics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=1410

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.